Cryptocurrency companies in the Republic of Ireland will have to comply with anti-money laundering rules, the country’s central bank has warned.
Cryptocurrency traders in Ireland will no longer be able to buy and sell anonymously, the Irish Independent reported Tuesday.
Companies offering buying and selling services for cryptocurrency will have to complete due diligence on their customers to account for provenance and destination of their funds.
This will bring cryptocurrency organizations on the same footing as mainstream financial services providers.
The new requirements will take effect in April when the European Union’s 6th Anti-Money Laundering Directive enters into Irish law.
Coinbase Custody International calls Ireland home while Facebook’s diem stablecoin project is also likely to have a presence there.
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The European Commission (EC) has no right to impose restrictions on EU Member States’ citizenship-by-investment (CBI) policies, according to an Advocate General of the Court of Justice of the European
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As published on: thepaypers.com, Friday 22 November, 2024. The UK Foreign Office has declared that the government is firmly supporting the establishment of fully public registers. The remarks follow