Ireland is responding swiftly to new European Union standards targeting cryptocurrency regulations, aimed primarily at preventing money laundering and terrorist financing. With the EU’s enhanced rules set to take effect on December 30, the Irish government, led by Finance Minister Jack Chambers, is poised to update the nation’s existing crypto legislation urgently. This proactive approach […]
Irish Authorities Struggle to Access $380 Million in Bitcoin Seized from Drug Dealer
In 2019, the Irish Criminal Assets Bureau seized approximately $380 million worth of Bitcoin from Clifton Collins, a convicted drug dealer. Collins acquired this substantial sum through his cannabis operations. However, the authorities are currently facing an insurmountable obstacle: the access codes to the Bitcoin wallets are lost. These codes, crucial for accessing the digital […]
Irish Government's Response to Apple Tax Ruling: A Historical Perspective
The ongoing saga surrounding Apple’s taxation practices has taken another turn with the Irish government’s recent declaration that the matter is now “of historical relevance.” This statement follows a significant ruling by the Court of Justice of the European Union (CJEU), which confirmed that Ireland had provided Apple with unlawful tax benefits, leading to a […]