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Irish Crypto Firms now Required to Comply with Anti-money Laundering laws
Last Updated: 27 April 2021
The Irish Government is tightening the noose on the crypto market by introducing new regulations. The newly introduced law requires crypto firms to register with the Central Bank of Ireland or be charged with a criminal offense.
Crypto businesses in Ireland are now being rattled after the introduction of new laws and regulations in the country. It will be the first time that the crypto market in the country is being regulated. Local firms in the country dealing in virtual assets will now have to comply with the anti-money laundering laws established by the European Union.