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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