Ireland will draft urgent legislation to update crypto regulations in accordance with EU money-laundering rules
Ireland will draft urgent cryptocurrency regulations before the European Union Anti-Money Laundering and terror financing standards come into effect on Dec. 30.
According to the Irish Examiner on Oct. 16, Ireland’s Finance Minister, Jack Chambers told the Cabinet that he will draft an urgent legislation to update Ireland’s regulations on crypto firms and digital assets before the EU’s “Anti-Money Laundering and Countering the Financing of Terrorism Act” come into place on Dec. 30.
At the moment, Chambers has not given out further details on what the new crypto legislation will cover or when it might come into force.
The EU’s “Anti-Money Laundering and Countering the Financing of Terrorism Act” aims to enhance the powers…
