Ireland News

Ireland’s finance minister wants to act quickly before the EU imposes strict Anti-Money Laundering standards.

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.

The DPC’s inquiry into Google’s AI model development explores the handling of EU citizens’ personal data for training PaLM2.

The Central Bank of Ireland has approved 15 different VASPs from June 7, 2024, including Crypto.com, Coinbase, Gemini, Ripple and others.

Microsoft’s $13-billion investment in OpenAI has earned it a seat on the company’s board and the attention of European regulators.

Other companies in the CBI VASP register include Coinbase and Gemini exchanges, the payment processor MoonPay, Zodia Custody and others.

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.