The Irish government has identified crypto assets as having "very significant" risks associated with money laundering and terrorist financing. Officials also pointed out potential threats related to sanctions evasion, tax compliance challenges, and the use of crypto for bribery.
By mid-2027, Ireland aims to establish an industry standard for verifying the legitimacy of funds linked to crypto assets when accepted as capital sources. This initiative seeks to bolster the verification process and ensure the authenticity of such funds.
