Ireland has identified crypto assets as a “very significant” money laundering and terrorism financing risk and has committed to introducing industry standards governing crypto-related sources of funds by the second half of 2027.
Summary
- Ireland has classified crypto assets as a major money laundering and terrorism financing risk in its latest assessment.
- Authorities plan to introduce new standards for crypto-related sources of funds by the second half of 2027.
- The report comes as regulators worldwide tighten oversight of digital asset firms and compliance controls.
According to Ireland’s Department of Finance, the policy forms part of an implementation plan…
