Overview
- The Department of Finance released a national anti‑money‑laundering strategy to 2030 that formalises new rules for crypto‑asset service providers and coordinates Ireland’s response to money laundering and terrorist financing.
- The strategy completes transposition of the EU Transfer of Funds Regulation so that whenever a regulated provider is involved it must collect and pass originator and beneficiary information for crypto transfers.
- For transfers involving self‑hosted or private wallets, providers must collect both parties’ details and must assess whether a customer owns or controls the private address for transfers over €1,000, with the firm able to request more information, suspend, return, or reject transactions if data are missing.
- Ireland selected a shorter MiCA grandfathering window and, following the Dec. 30, 2025 deadline, expects firms offering regulated services to hold full MiCA authorisation or stop those services, increasing near‑term compliance pressure on operators.
- The plan sets sector deadlines such as a gambling crypto source‑of‑funds standard by Q2 2027 and aligns Irish rules with upcoming EU measures that ban anonymous crypto accounts from July 2027, which could lead providers and users to face more checks and cross‑border information requests.