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.
Taxpayers with assets in tax havens or with income from capital from national entities, subject to exemption rates, normally 28%, will only have to report this type of gains in the 2025 IRS declaration,
The anti-money-laundering unit (Mokas) has seized approximately €10 million, as well as nine luxury vehicles, four properties and cryptocurrencies assets over the past two years as part of investigations
Vice President Kamala Harris is on record in support of a national wealth tax. In March, the Biden-Harris Administration released its official Fiscal Year 2025 budget proposal which calls for the
As published on: reuters.com, Friday 4 October, 2024. The European Commission is suing EU member states Spain, Cyprus, Poland and Portugal for failing to implement rules aimed at ensuring a global minimum