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Ireland to tighten its cryptocurrency laws to combat money laundering activities

Ireland to tighten its cryptocurrency laws to combat money laundering activities

Irish lawmakers are introducing laws targeted at fighting illicit cryptocurrency activities. The law will bring cryptocurrency business under the purview of govt agencies. Ireland’s cabinet will soon introduce new anti-money laundering (AML) laws, according to the Irish Examiner. The legislation will reportedly focus on the usage of digital assets in criminal financial activities such as terrorist financing and money laundering.







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