Ireland News

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.

To date, Irish authorities managed to recover approximately 4 million euros of the 20 million euros lost in banking scams since January 2023.

The move follows the crypto exchange’s successful VASP registration in Italy.

Cameron Winklevoss has predicted a “Cambrian explosion” in European innovation once regulations are rolled out.

56.8% of metaverse-related tweets from Vietnam were positive sentiments that support the concept.

Gabriel Makhlouf reportedly said there was an “uncomfortable” level of crypto advertisements targeting young adults.

Operations in the country will be overseen by Cormac Dinan, a former employee of Crypto.com, Deloitte and Citigroup.

The Digital Assets division within Fidelity Investments will have around 500 total staff members by the first quarter of 2023, according to a spokesperson.

Adults in Ireland have become slightly less interested in crypto with a drop in ownership from 12% to 10% in the last year.

New York-based crypto exchange Gemini opened its local office in Dublin, Ireland, last year. Now, it is granted with a VASP license.

A raft of new political and electoral integrity laws proposed in Ireland will see the banning of donations made in crypto to political parties in the country.

The central bank warned people to be mindful of “the risks of misleading advertisements, particularly on social media, where influencers are being paid to advertise crypto assets.”

The license does not allow Gemini to operate as an exchange in the country, but it will let it passport e-money services throughout the EEA.

The central bank feels that there is too much risk for retail investors who lack the expertise needed to trade crypto, but professional investors are welcome to continue trading.

Binance established three subsidiaries in Ireland during September and the globe-trotting exchange may be settling down.