Cryptocurrency

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Crypto exchange Gemini has become the first and only company to be registered as a virtual asset service provider (VASP) with the Central Bank of Ireland for AML/CFT purposes. The EU's Fifth Anti-Money Laundering Directive extended anti-money laundering and countering the financing of terrorism (AML

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Matheson partners Karen Reynolds and Michael Byrne discuss a recent successful application in the UK courts for service of court proceedings by transfer of an NFT, and consider whether similar applications for substituted service could be on the horizon in Ireland. In a first for the UK courts,

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Matheson partner Joe Beashel explains the role of "stablecoins" in the world of cryptocurrency and how they are treated in Irish law. A stablecoin is a form of cryptocurrency which has its value 'pegged' to the value of another currency, commodity, asset or group of same. The purpose of a stablecoin

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Cryptocurrencies such as Bitcoin are becoming more prominent in divorce proceedings as parties use them to hide their wealth, an English divorce lawyer has said. Ayesha Vardag, who acted for the successful party in Radmacher v Granatino, which reshaped the law on pre-nups in England and Wales, said

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The need for clarification of the legislative landscape governing cryptocurrency is one of the world’s worst kept secrets, write Andrew Tzialli and Rachel McCausland. Bitcoin in particular recently earned its place on a global platform by exceeding a $1 trillion market cap and investors (

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The safekeeping of digital assets by professional custodians remains uncertain territory. Scottish solicitor Benjamin Bestgen provides an overview. With the increasing popularity of digital assets, parties interested in buying, holding and trading them face a common problem: how can assets like cryp

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In excess of €5.6m was returned to the Exchequer as a result of Criminal Assets Bureau (CAB) actions in 2018, which also included the seizure of cryptocurrency Ethereum – a worldwide first – according to a new report. Justice Minister Charlie Flanagan laid CAB's 2018 Annual Report b

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Naomi Gaston, senior associate at Mills Selig, writes on the importance of security at major cryptocurrency exchanges. It has been reported that users of Canada’s largest Cryptocurrency Exchange, QuadrigaCX are unable to access most of their funds amounting to around C$180m (£105m) as th

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