Minister for Finance gives effect to EU regulation on Markets in Crypto-Assets

The Minister for Finance has signed the Statutory Instrument No 607 of 2024, European Union (Markets in Crypto-Assets) Regulations 2024 - 2024/01986. This Statutory Instrument:

• Designates the Central Bank of Ireland (CBI) as the National Competent Authority.
• Outlines the administrative penalties and measures for Regulated and non-Regulated Financial Service Providers.
• Specifies the duration of the transition period for firms that provided crypto services before 30 December 2024.

The Operational Date/Commencement date of the SI is 8th November 2024 and the regulation is to be published in Iris Oifiúigil next Tuesday.

ENDS