What is the current regulatory environment for cryptocurrencies in Ireland?

1 answers

• Domenico AltavillaDec 13, 2020 · 5 years ago
  In Ireland, the regulatory environment for cryptocurrencies is relatively lenient compared to some other countries. While there are no specific laws governing cryptocurrencies, the country has implemented a range of measures to ensure consumer protection and prevent money laundering. Cryptocurrency exchanges and wallet providers are required to comply with anti-money laundering (AML) and know your customer (KYC) regulations. The Central Bank of Ireland has also issued guidelines for financial institutions on how to handle cryptocurrencies. Overall, Ireland offers a supportive environment for the cryptocurrency industry, attracting both local and international players.
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