The Republic of Ireland has become a Mecca for crypto startups and fintech firms but its central bank, like most others, is still not keen on digital assets.
Central Bank of Ireland: ‘Highly Unlikely’ Retail Crypto Trading to be Allowed
The bank added that consumers must be alert to the high risks of buying and/or holding these instruments, “including the possibility of losing all their investment,” because the majority are unregulated in the European Union.The Bank of Ireland did state that it has seen an increase in queries for Undertakings for Collective Investment in Transferable Securities or retail Alternative Investment Funds in crypto assets.
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