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.”
The new hires will help PayPal expand its crypto-focused business offering at a time of rapid adoption of Bitcoin and Ether.
PayPal reportedly assembling crypto team in Ireland as Bitcoin adoption grows
Cryptocurrency investors should be ready to lose all their holdings, according to Ireland’s central bank financial conduct director.
Bitcoin ‘of great concern,’ Ireland’s central bank official warns
After working at Goldman Sachs for 14 years, a banker reportedly left the firm due to netting massive gains from their Dogecoin holdings.
Goldman Sachs exec reportedly quits job after making Dogecoin fortune
It is now a criminal offense to operate a crypto firm in Ireland without registering with the Central Bank of Ireland.
Irish crypto firms must comply with money laundering laws for the first time
Irish companies operating with crypto, and the firms servicing them, will have to adhere to AML and CFT for the first time starting next month.
Irish crypto firms will impose Anti Money Laundering ID checks from April
Despite being worried about consumer protection, the central banker is confident that Bitcoin is no threat to financial stability.
Irish central bank governor says crypto investors could lose all their money
The Emerald Isle is now a hotspot for talent in tech and a corporate tax haven.
Overstock expanding blockchain arm tZero in Ireland