Ireland proposes crypto safeguards amid rising risks

Ireland’s government has introduced measures to address risks from crypto assets. A new national risk assessment identifies crypto-asset misuse as one of the country’s top threats. The plan includes tighter checks on crypto funds.

Ireland’s central bank reported that about 10% of the population was invested in crypto as of December. This gives the country one of the highest rates of digital asset ownership compared to other regions.

A 30-point action plan forms part of the updated National Risk Assessment. It aims to strengthen oversight of crypto activities to counter financial crime.

The measures respond to growing concerns over misuse of digital assets. Officials seek to align Ireland’s framework with international standards on crypto regulation.

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South Africa's National Treasury has gazetted the Draft Capital Flow Management Regulations 2026, modernising outdated exchange controls to include cryptocurrencies. The proposals aim to combat money laundering and illicit financial flows but have sparked debate over vague thresholds and restrictions on peer-to-peer transactions. Industry voices criticise the lack of defined limits and potential overreach.

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Japan’s Lower House has passed legislation that would treat cryptocurrencies as financial instruments under the Financial Instruments and Exchange Act. The move shifts oversight from the Payment Services Act and sets the stage for lower taxes and crypto ETFs. The rules are expected to take effect in 2027.

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