News
America has recently taken steps to dissuade foreign governments from censoring US-based platforms, including the proposed GRANITE Act and sanctions against five EU officials.
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Ireland News
Ireland is a unitary parliamentary republic in northwest Europe with an area of 70 thousand kilometers and a population of nearly five million people. Ireland has one of the highest GDPs per capita and human development indexes in the world. Ireland’s liberal economic policies resulted in some of the fastest growths of GDP, domestic investments and technology development in the world. Ireland has issued no regulations on Bitcoin and does not consider it to be legal tender. However, the Revenue Commissioners in Ireland are considering implementing a Bitcoin tax into the taxation system of gains and value-added taxes. Also there no regulations in Ireland on Bitcoin mining and Bitcoin exchange. Ireland’s Blockchain Association helps Irish businesses and policy-makers to apply blockchain technology and has an aim of making Ireland the “most blockchain literate nation.”
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Aave said compliant, audited payment pathways are crucial for onboarding new users to decentralized finance.
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Coinbase said it had enhanced oversight and compliance testing after coding errors led to gaps in transaction monitoring between 2021 and 2022.
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The Irish Communications Interception and Lawful Access Bill is still in development, with drafting yet to occur, but the Global Encryption Coalition wants it scrapped now.
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Several exchanges have announced MiCA licenses this year, following requirements being enforced in 2024 to offer digital asset services in the EU.
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Former UFC champ Conor McGregor, now a presidential hopeful in Ireland, has proposed creating a national Bitcoin reserve as part of his campaign.
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The Conor McGregor-backed token fell short of hitting the $1 million minimum target set by the developers.
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Ireland’s finance minister wants to act quickly before the EU imposes strict Anti-Money Laundering standards.
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The Central Bank of Ireland is leading calls to democratize finance and boost financial inclusivity by implementing the EU’s MiCA regulations, highlighting the country’s priorities.
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The DPC’s inquiry into Google’s AI model development explores the handling of EU citizens’ personal data for training PaLM2.
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The Central Bank of Ireland has approved 15 different VASPs from June 7, 2024, including Crypto.com, Coinbase, Gemini, Ripple and others.
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Microsoft’s $13-billion investment in OpenAI has earned it a seat on the company’s board and the attention of European regulators.
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Other companies in the CBI VASP register include Coinbase and Gemini exchanges, the payment processor MoonPay, Zodia Custody and others.
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The crypto exchange has applied for a license under the EU’s new Markets in Crypto-Assets Regulation with the Central Bank of Ireland and, if successful, will be able to “passport” its services across EU states.
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To date, Irish authorities managed to recover approximately 4 million euros of the 20 million euros lost in banking scams since January 2023.
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