Italy engages with crypto firms on regulatory safeguards

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News, Announcements

Italy’s central bank and securities regulator are in discussions with crypto service providers to ensure adequate safeguards against financial and cybersecurity risks, according to Bank of Italy Governor Fabio Panetta. Panetta discussed key issues related to crypto assets, digital finance and cybersecurity risks pertaining to global and European regulations at the 31st Assiom Forex Congress […]

Australian regulator’s ‘blitz’ hits crypto exchanges, money remitters

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Australia’s Anti-Money Laundering regulator has taken action against 13 remittance service providers and crypto exchanges, with over 50 others still being investigated regarding possible compliance issues, reports Cointelegraph. Australian Transaction Reports and Analysis Center (AUSTRAC) CEO Brendan Thomas said in a statement that the regulator refused registration renewal for six providers because key personnel were […]

Statement on Departing Blockchain, Crypto and Web3 Businesses

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Blockchain Ireland has noted with concern the news that certain crypto exchanges have decided to move their EU MiCA hubs from Ireland for other EU jurisdictions in order to obtain regulatory authorisation. While Blockchain Ireland does not want to comment on any specific case, it is cause for concern that businesses would leave Ireland, having […]

StoneX achieves VASP authorisation

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News, Announcements

StoneX Digital International Limited, a subsidiary of StoneX Group Inc., has been approved by the Central Bank of Ireland, as a Virtual Asset Service Provider (VASP) to operate a digital asset business. The company said its StoneX Digital platform will provide execution and custody services, offering deep liquidity and flexible trading tools with multiple API […]

Central Bank of Ireland designated as National Competent Authority for MiCAR

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  The Minister for Finance has signed the Statutory Instrument which gives effect to EU regulation on Markets in Crypto-Assets Regulation (MiCAR). Statutory Instrument No 607 of 2024, European Union (Markets in Crypto-Assets) Regulations 2024 – 2024/01986 designates the Central Bank of Ireland (CBI) as the National Competent Authority, as well as outlining the administrative […]

EU MiCA rules pose ‘systemic’ banking risks for stablecoins, says Tether CEO

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Europe’s forthcoming regulatory framework will introduce banking concerns for stablecoin issuers that could threaten the stability of the broader crypto space, according to Paulo Ardoino. The Markets in Crypto-Assets Regulation (MiCA) is the first comprehensive regulatory framework for the crypto industry and is set to go into full effect on 30 December. Under MiCA, stablecoin […]

CBI announces Innovation Sandbox theme: Combatting financial crime

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The Central Bank of Ireland has announced the theme for the upcoming Innovation Sandbox Programme. The theme is Combatting financial crime:  Through the use of innovative technology, foster and develop solutions that minimise fraud, enhance KYC/AML/CFT frameworks, and improve day to day transaction security for consumers. On its updated web page, the CBI said ” as […]

EU releases crypto-asset classification tools to help firms comply with MiCAR

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EU regulators have issued new guidelines allowing relevant market participants to classify cryptocurrencies and digital assets under the Markets in Crypto-Assets Regulation (MiCAR), reports Cointelegraph. On 12 July, three European Supervisory Authorities — the European Banking Authority, the European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority — released a consultation […]

Central Bank of Ireland MiCAR Industry Briefing

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Announcements, News

The Central Bank of Ireland (CBI) held its Markets in Crypto-Assets Regulation (MiCAR) – Industry Briefing today, with a very well attended session. Addressed by Derville Rowland, Deputy Governor, Consumer and Investor Protection, she said that CBI’s commitment is to be clear, transparent, predictable, and open. The important pre-application phase is now open, and drawing […]

Webinar: Securing Authorisation as a Crypto Asset Service Provider

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Announcements, Events

William Fry, in association with Blockhain Ireland, will be holding a webinar on Tuesday 23 July at 09:00 to discuss Securing Authorisation as a Crypto Asset Service Provider. With the Markets in Crypto Assets Regulation (MiCAR) comming into force, as well as many other condsiderations in the field, expert advisors will speak about what businesses […]

MiCA’s stablecoin regime and its remaining challenges

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Chainalysis has produced the second article in a series on Markets in Crypto Assets Regulation (MiCAR) stablecoin regime and its remaining challenges. The articles asserts that MiCAR “represents a significant shift to a comprehensive regulatory framework including prudential and conduct requirements for both crypto asset issuers and crypto asset service providers (CASPs) within the EU. […]