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.
Bitcoin price started another decline after it struggled near $64,550. BTC declined below the $63,500 support and might continue to move down. Bitcoin started a fresh decline from the $64,550 resistance
Despite tightening measures against money laundering and terrorism financing, India has no immediate plans to regulate cryptocurrency transactions. The Indian government revealed it has no immediate
Press Release from Guernsey Finance, Tuesday 16 January, 2024. • The agreement fosters sustainable finance innovation within the two International Financial Centres• Collaboration supports investment
Backtracking on his own words, US President Joseph Biden Sunday announced he had pardoned his son Hunter on two criminal charges, claiming they were politically motivated. “No reasonable person looking