The Minister for Finance has signed the Statutory Instrument which gives effect to EU regulation on Markets in Crypto-Assets Regulation (MiCAR). Statutory Instrument No 607 of 2024, European Union (Markets in Crypto-Assets) Regulations 2024 – 2024/01986 designates the Central Bank of Ireland (CBI) as the National Competent Authority, as well as outlining the administrative […]
The Central Bank of Ireland (CBI) has opened applications for its Innovation Sandbox. The Innovation Sandbox Programme aims inform the early stage development of selected innovative initiatives that promote better outcomes for consumers and the financial system. Through the programme, CBI says it aims to provide regulatory advice and support to firms on their innovative […]
The Central Bank of Ireland has announced the theme for the upcoming Innovation Sandbox Programme. The theme is Combatting financial crime: Through the use of innovative technology, foster and develop solutions that minimise fraud, enhance KYC/AML/CFT frameworks, and improve day to day transaction security for consumers. On its updated web page, the CBI said ” as […]
The Central Bank of Ireland (CBI) held its Markets in Crypto-Assets Regulation (MiCAR) – Industry Briefing today, with a very well attended session. Addressed by Derville Rowland, Deputy Governor, Consumer and Investor Protection, she said that CBI’s commitment is to be clear, transparent, predictable, and open. The important pre-application phase is now open, and drawing […]
Crypto.com achieves Irish VASP approval
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The Central Bank of Ireland has awarded Virtual Asset Service Provider (VASP) approval to crypto exchange Crypto.com. The company with more than 100 million customers worldwide and a leader in regulatory compliance, security and privacy, said the approval follows a thorough review of Crypto.com’s commitment to compliance, including its anti-money laundering and combating the financing […]
The Central Bank of Ireland has confirmed it will establish an Innovation Sandbox Programme in 2024. The programme will provide regulatory advice and support for innovative projects that promote better outcomes for society and the financial system, says CBI. The CBI announcement follows a three-month public consultation, and comes alongside a Feedback Statement to a […]
The Central Bank of Ireland’s Innovation Hub has launched a new web site, with new media for engagement. The CBI Innovation Hub describes it as “the first in a number of changes being rolled out as identified in the recent Consultation Paper 156 and is designed to be a much better user experience & provide […]
Further to the Blockchain Ireland Webinar with the Central Bank of Ireland’s Eoin FItzgerald, the consultation period on “Central Bank approach to innovation engagement in financial services” is still open. The consultation period is open for responses from 8 November 2023 to 8 February 2024. Since April 2018 and the launch of its Innovation Hub, […]
The Central Bank of Ireland launched its Innovation Hub in 2018 and has sought to develop its capabilities and reach in line with the continuous development of the fintech innovation ecosystem. It has recently launched the Consultation Paper 156, “Central Bank approach to innovation engagement in financial services” and now seeks feedback from the community. […]
MoonPay Technology Services Limited has been successful in its registration as a Virtual Asset Service Provider (VASP) in Ireland, with the Central Bank providing approval in August. “Since its inception,” wrote CEO Ivan Soto-Wright, “MoonPay has been steadfast in our resolve to protect our customers from financial crime, fraud, and cyber threats, while ensuring a […]
With the Markets in Crypto-Assets Regulation (MiCAR) in force since 29 June 2023, the Central Bank of Ireland is inviting firms to participate in a short survey to help it: The survey can be accessed here: https://centralbankofireland.qualtrics.com/jfe/form/SV_3fT3SAJrg5lYYJw The survey is aimed only at firms that intend to perform activities which will be regulated under MiCAR. […]