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