Ireland has launched a National Risk Assessment and a 30-point action plan to combat money laundering, terrorist financing, and sophisticated financial crime. Targeting Digital Assets and Crypto Loopholes Ireland announced a sweeping crackdown on financial crime on June 18, unveiling a national strategy that places a major emphasis on targeting the misuse of cryptocurrency and […]
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Seven years after a routine patrol led to the largest crypto-forfeiture in Irish history, the Criminal Assets Bureau (CAB) has finally cracked the code on a multimillion-dollar bitcoin fortune once thought lost to a German incinerator. From Fishing Rods to Riches: Ireland Recovers $32M in ‘Lost’ Bitcoin from 2019 Case On Tuesday, The Irish Times […]
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Stonex Digital obtains a EU MiCA CASP license, enabling regulated digital‑asset execution and custody across the European Union. Stonex Group Inc. (NASDAQ: SNEX) announced that its Stonex Digital division has been granted a Crypto‑Asset Service Provider (CASP) license under the EU Markets in Crypto‑Assets (MiCA) Regulation by the Central Bank of Ireland. The authorization allows Stonex […]
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Ramp Swaps (Ireland) Limited, operator of Ramp Network, has secured Markets in Crypto-Assets Regulation authorization from the Central Bank of Ireland. A Single License for 27 Countries Ramp Swaps (Ireland) Limited, the company behind the financial technology (fintech) platform Ramp Network, has secured authorization as a crypto-asset service provider (CASP) from the Central Bank of […]
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Coinbase Europe was fined $24.8 million by the Central Bank of Ireland due to breaches of its anti-money laundering and counter-terrorist financing rules. The Penalty and Violations The Central Bank of Ireland has fined Coinbase Europe Limited approximately $24.8 million (€21,464,734) for breaching anti-money laundering (AML) and counter-terrorist financing (CFT) obligations between April 2021 and […]
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Ireland’s Finance Minister Jack Chambers has announced plans to draft urgent legislation aimed at updating financial regulations to include cryptocurrency and digital asset firms. According to the Irish Examiner, this legislation is crucial to ensure compliance with new European Union money laundering and financing of terrorism laws, which are set to take effect on December […]
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Ireland’s finance minister wants to act quickly before the EU enacts strict Anti-Money Laundering legislation.
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Irish authorities seized $7.1 million in cryptocurrency in a raid targeting money laundering and darknet sales. Three individuals were arrested, with one remaining in custody. “The arrests of the three individuals and the assets seized are the result of a highly complex investigation into criminal darknet marketplace activities by specialist investigators attached to the Garda […]
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Circle’s strategic shift away from Ireland could increase compliance costs, but the tradeoff suggests improved investor confidence.
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