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Ireland’s Virtual Asset Service Providers Registrations Soar

Dublin, Ireland - The Central Bank of Ireland (CBI) has registered Ireland’s first virtual asset service providers, marking a significant milestone in the country’s fintech sector.

Promoting Innovation and Stability

The registrations are part of the CBI’s efforts to promote innovation and stability in the financial services industry. Virtual asset service providers offer services such as cryptocurrency trading, custody, and exchange.

Key Benefits

  • Protect consumers
  • Ensure virtual assets are traded in a safe and transparent manner

Industry Reaction

“The registration of these virtual asset service providers is an important step forward for Ireland’s fintech sector,” said [Name], CEO of [Company]. “We are committed to working closely with the Central Bank of Ireland to promote innovation and stability in the industry.”

Other Regulatory Developments

  • New mortgage rules have been announced, aimed at protecting mortgage consumers in a changing economic landscape.
  • The Credit Union (Amendment) Act 2023 has been signed into law, allowing credit unions to expand their services and offer more financial products to members.
  • New client asset requirements have been introduced for banks carrying out MiFID investment business.
  • A fitness and probity regime has been launched by the CBI to ensure that individuals in key positions are competent and capable.
  • Plans to introduce a revised and modernized Consumer Protection Code have been announced.

Key Takeaways

  • Ireland’s first virtual asset service providers have been registered by the Central Bank of Ireland.
  • The registration is part of the CBI’s efforts to promote innovation and stability in the fintech sector.
  • New mortgage rules will help protect mortgage consumers in a changing economic landscape.
  • The Credit Union (Amendment) Act 2023 has been signed into law, allowing credit unions to expand their services.
  • New client asset requirements have been introduced for banks carrying out MiFID investment business.
  • A fitness and probity regime has been launched by the CBI to ensure that individuals in key positions are competent and capable.
  • Plans to introduce a revised and modernized Consumer Protection Code have been announced.

Contact

For more information, please contact [Name], [Email], [Phone].