Dáil Éireann Debate, Tuesday - 8 February 2022
255. Deputy Neale Richmond asked the Minister for Finance the role of the Central Bank in allowing crypto-currency exchange (details supplied) back into the single euro payments area; and if he will make a statement on the matter. [6303/22]
View answerIt should be noted that the approval or refusal of applications made by any firm to the Central Bank of Ireland is not a matter which the Minister or the Department of Finance has any role or involvement in.
I am also informed by the Central Bank of Ireland that it does not regulate the firm in question.
While the Central Bank cannot comment on individual firms it is the responsibility of each firm to ensure it has the right authorisation in place prior to providing regulated financial services in Ireland.
Detail of the firms regulated by the Central Bank can be found on the public registers. The Central Bank does not have a role in regulating cryptocurrencies.
Additional information relating to the regulation of providers of services relating to virtual assets can be found on the Central Bank website.
www.centralbank.ie/regulation/anti-money-laundering-and-countering-the-financing-of-terrorism/virtual-asset-service-providers
