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Ireland To Draft Urgent Crypto Laws Ahead Of EU’s Crackdown On Money Laundering

  • Ireland is preparing to draft urgent crypto laws ahead of the EU's crackdown on money laundering.
  • The legislation aims to align with the EU's Anti-Money Laundering (AML) and counter-terrorism financing (CTF) standards.
  • The new regulations will tighten monitoring of large transactions and impose stricter reporting requirements for digital currency exchanges.
  • Crypto businesses in Ireland will need to implement enhanced compliance measures and adhere to the €10,000 cash payment limit.

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