Ireland Crypto News: Regulations Aligning with EU AML/CTF Legislation
Ireland is gearing up to draft urgent cryptocurrency regulations ahead of the European Union's new anti-money laundering (AML) and counter-terrorism financing (CTF) legislation set to take effect on December 30, 2024.
New Crypto Regulations in Ireland
Finance Minister Jack Chambers announced the move to update Ireland's crypto regulations, aiming to align with the forthcoming EU laws.
The new legislation aims to enhance the powers of financial intelligence units (FIUs) to suspend transactions and impose stricter reporting requirements on crypto exchanges.
No specific details about the new regulations or their implementation timeline have been provided yet.
