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.
Press Release from Carey Olsen, Friday 8 November, 2024. Carey Olsen Bermuda Limited has achieved its strongest rankings to date in The Legal 500 Caribbean 2025 guide, securing five Tier 1 practice
According to a Feb. 19 article from Nikkei Asia, Zann Kwan, the managing partner and chief investment officer at Revo Digital Family Office, has highlighted a growing trend among family offices in crypto.
The nation’s millionaires and billionaires are evading more than $150 billion a year in taxes, according to the head of the Internal Revenue Service. The IRS, with billions of dollars in new funding
The European Commission has launched infringement procedures against Cyprus concerning its implementation of three key pieces of EU legislation. Firstly, Cyprus is one of six member states yet to implement