Ireland to Address Bitcoin Blockchain-Related Regulatory Conflicts
To facilitate the development and implementation of the Blockchain technology in Ireland, a non-profit advocacy group called the Blockchain Association of Ireland (BAI) will launch on Dec. 14. Reuben Godfrey, the co-director of the BAI, stated that the organization will bridge the gap between startups and large-scale institutions to establish Ireland as a global FinTech hub. Dealing with regulations and frameworks. One of the major aspects of Blockchain implementation which most startups and corporations struggle to deal with is regulatory conflicts. Because the Blockchain technology is a....
Related News
The Central Bank of Ireland has provided regulatory approval to Gemini, a cryptocurrency exchange. Gemini will now be able to extend crypto services in Ireland. The exchange is situated in Ireland (Dublin), it established its headquarters there in the year 2021. After a thorough review of the security and compliance programmes, this license was granted […]
The Blockchain Association of Ireland is to officially launch on December 14 in the country as it attempts to establish the country as a global hub for FinTech, according to a report from The Irish Times. As more companies and individuals realize the potential that blockchain can produce, more are turning their attention to it. It’s already making its presence known in healthcare, financial institutions, and land registry. However, in a bid to keep up in the blockchain race, the Blockchain Association of Ireland has been developed to aid groups in Ireland in areas relating to smart....
BNP Paribas and the Bank of Ireland have started trial runs for their respective blockchain applications. BNP Paribas has partnered with a crowdfunding platform, Smart Angels for the same. The banking sector is finally making some headway with their exploration of blockchain technology. Soon after UBS and Deutsche Bank made an announcement about the success of their blockchain technology experiment, two more international banks have now come up with their own solutions and testing them out. The French banking firm, BNP Paribas and the Bank of Ireland are the duo who have brought their....
While recent headlines have trumpeted the work of ever-expanding consortiums of global banking giants, somewhat lost in the conversation are the smaller, regional banks that are increasingly investing resources to conduct blockchain projects. For example, Bank of Ireland, one of the country’s so-called ‘Big Four’ banks, recently unveiled a trial focused on trade reporting in partnership with professional services firm Deloitte. Involving the bank’s Global Markets division, the trial, which began in January, sought to establish a reporting mechanism, based on blockchain, for the entire....
A trade group for investment funds in Ireland has announced it is developing a new blockchain proof-of-concept focused on regulatory reporting. The Irish Funds Industry Association, which counts more than 100 banks, fund administrators, advisories and law firms among its membership, said today that it will explore the development of a platform on which both institutions and regulators can oversee relevant data. Active participants cited in the announcement include fund managers Metzler, Northern Trust and State Street. Irish Funds CEO Pat Lardner cited the need for more robust reporting....