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Cryptonews 17 Oct 2024

Ireland Drafts ‘Urgent’ Crypto Regulations Ahead of EU AML Legislation 🇮🇪

cryptocurrency Ireland CFT AML European Union

Ireland is actively working on drafting urgent regulations for the cryptocurrency industry. This initiative comes as the country prepares for forthcoming Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) legislation by the European Union. Such proactive measures reflect Ireland’s commitment to complying with EU standards and ensuring robust regulatory frameworks for the growing crypto sector.

By crafting these new regulations, Ireland aims to enhance its oversight and control of digital currencies. These efforts signify the country's dedication to addressing potential risks associated with cryptocurrencies and aligning with international regulatory expectations.

Source: cryptonews.com ↗

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