Cryptocurrency companies in the Republic of Ireland will have to comply with anti-money laundering rules, the country's central bank has warned.

  • Cryptocurrency traders in Ireland will no longer be able to buy and sell anonymously, the Irish Independent reported Tuesday.
  • Companies offering buying and selling services for cryptocurrency will have to complete due diligence on their customers to account for provenance and destination of their funds.
  • This will bring cryptocurrency organizations on the same footing as mainstream financial services providers.
  • The new requirements will take effect in April when the European Union's 6th Anti-Money Laundering Directive enters into Irish law.
  • Coinbase Custody International calls Ireland home while Facebook's diem stablecoin project is also likely to have a presence there.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Investing in the Future of the Digital Economy
October 18-19 | Spring Studio, NYC