Irish crypto firms must comply with money laundering laws for the first time

Cointelegraph

Published Apr 26, 2021 09:54PM ET

Updated Apr 28, 2021 12:00AM ET

Ireland’s crypto businesses have become subject to regulatory oversight for the first time, with local digital asset firms now observing Anti-Money Laundering guidelines set out by the European Union.

The EU’s Fifth Anti-Money Laundering Directive, or 5AMLD, was transposed into Irish law on Friday, via the Criminal Justice Money Laundering and Terrorist Financing Amendment Act of 2021.

Continue Reading on Coin Telegraph