New Irish anti-money laundering strategy targets crypto transfers from private wallets and foreign digital asset providers under EU MiCA framework.
Ireland introduced a national anti-money laundering strategy requiring crypto-asset service providers to enforce stricter checks on transfers from private wallets and overseas firms. The measures aim to align with the EU’s Markets in Crypto Assets (MiCA) regulations, which are already in advanced legislative stages in Ireland.
The government’s plan includes enhanced due diligence for crypto-related activities, particularly in gambling sectors where digital assets may be used as a funding source. The strategy reflects broader EU efforts to curb illicit financial flows through digital currencies, following recent regulatory trends.
No immediate market reaction was reported, but the reforms signal tighter compliance requirements for crypto firms operating in or transacting with Ireland.