Ireland plans crypto safeguards as financial crime risks rise

From tradersunion.com

Ireland is moving to tighten oversight of crypto-related activities after identifying growing exposure to money laundering, terrorism financing and sanctions evasion. The measures form part of a policy plan that targets industry standards for accepting crypto-linked funds by the second half of 2027. According to Cointelegraph, the Irish Department of Finance said in a national risk assessment released on Thursday that crypto assets present very significant risks tied to money laundering and terrorism financing, marking the country’s first such review of digital assets in seven years. The assessment says authorities ... (full story)