Ireland drafting urgent crypto laws before EU money-laundering rules
Ireland’s finance minister wants to act quickly before the EU imposes strict Anti-Money Laundering standards.
Ireland is preparing to draft “urgent” cryptocurrency regulations ahead of upcoming European Union Anti-Money Laundering and terror financing standards.
Ireland’s Finance Minister, Jack Chambers, told the cabinet that urgent legislation would be drafted to update crypto regulations before the EU laws take effect on Dec. 30, the Irish Examiner reported on Oct. 16.
No details were shared about the new crypto legislation or when it might come into force.
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Author: Martin Young
