Ireland

Irish Banks Hail EU’s ‘Radical’ Anti-Money Laundering Push

<div class=”featured_image_container”> </div> <strong>Banks in Ireland have welcomed an upcoming reform of the European Union’s anti-money laundering regulations that will affect the crypto space. The Irish banking industry organization voiced support for the changes aimed at disrupting illicit transactions at the union level while calling them “radical.”</strong> New AML Body to Weed Out Suspicious Transactions …

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University of Cambridge Bitcoin Mining Map Shows China’s Hashrate Dropped to 46%

<div class=”featured_image_container”> </div> <strong>After the researchers from the Cambridge Bitcoin Electricity Consumption Index (CBECI) project said that the website’s “Bitcoin Mining Map” had not been updated since April 2020, the map has finally been updated. Current data from the mining map shows the coverage goes all the way up until April 2021, and the estimate …

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Irish MEP calls for stringent crypto regulations in Europe

Chris MacManus, a Member of the European Parliament (MEP) representing Midland Northwest, Ireland, has called for strict crypto regulations in Europe. According to a report on Wednesday, the MEP from Sinn Féin wants wholesale changes to the European Union’s proposed cryptocurrency changes. MacManus has submitted 45 amendments to the EU aimed at toughening crypto laws …

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BNY Mellon Sets Up Crypto Unit in Ireland as Central Bank Says Bitcoin Is ‘of Great Concern’

<div class=”featured_image_container”> </div> <strong>U.S. banking corporation BNY Mellon is gearing up to offer crypto custody services out of Dublin where it has just established a digital hub. The news coincided with a stark warning issued by a top central bank official in Ireland who said people should only buy bitcoin if they’re prepared to lose …

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Ireland’s healthcare system taken down after ransomware attack

Enlarge / St. Vincent’s University Hospital in Dublin, Ireland. Bloomberg | Getty Images Ireland has shut down most of the major IT systems running its national healthcare service, leaving doctors unable to access patient records and people unsure of whether they should show up for appointments, following a “very sophisticated” ransomware attack. Paul Reid, chief …

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Irish crypto firms must comply with money laundering laws for the first time

Ireland’s crypto businesses have become subject to regulatory oversight for the first time, with local digital asset firms now observing anti-money laundering guidelines set out by the European Union, or EU. The EU’s Fifth Anti-Money Laundering Directive, or 5AMLD, was transposed into Irish Law on April 23, via the Criminal Justice Money Laundering and Terrorist …

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Irish Police Investigate Massive Bitcoin Scam That Allegedly Stole Millions From High-Net-Worth Individuals

<div class=”featured_image_container”> </div> <strong>Irish police are on high alert due to the rising number of cases related to a bitcoin-related scam targeting high-net-worth people in the country. The situation has become worrisome because suspicious high-value transactions have already been noticed by authorities.</strong> Authorities Already Searched One Property Tied to One of the Suspects According to …

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‘Wonder Woman 1984’ rentals will start early in UK, where there’s no HBO Max

Warner Bros. Warner Bros. is using Wonder Woman 1984 to push HBO Max, but what happens in countries where the streaming service (or an equivalent partner) simply isn’t an option? Early rentals, apparently. Deadline and Variety have confirmed WW84 will be available for 48-hour digital rentals in the UK and Ireland on January 13th, just …

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Ireland Will Transpose Latest EU Anti-Money Laundering Rules Into National Law

Cryptocurrency firms in Ireland will soon be regulated in line with the latest European legal framework for the prevention of money laundering and terrorism financing. On Aug. 10, the Cabinet of Ireland approved a bill to transpose the criminal justice elements of the European Union’s Fifth Anti-Money Laundering Directive (AMLD5) into national law, thereby strengthening …

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