Cryptocurrencies lose their anonymity in Ireland >BUYERS and | Late Stage Ireland
Cryptocurrencies lose their anonymity in Ireland
>BUYERS and sellers of Bitcoin and other cryptocurrencies are no longer able to trade virtual assets anonymously in Ireland under an expanded anti-money laundering regime.
>Cryptocurrency service providers must register with the Central Bank and carry out due diligence on their customers, which entails accounting for the origin and destination of client assets.
>The rules apply to exchanges, wallets and other support services for cryptocurrency.
>The change in supervisory rules also gives the Central Bank the power to block senior appointments at crypto firms or to take enforcement action for failure to live up to AML or CFT laws.
