The Central Bank of Ireland (CBI) has implemented new procedures for how it approves crypto firms under new EU rules after an audit flagged several areas for improvement in the first year of the regulation. The Markets in Crypto Assets Regulation, referred to often as MiCA or MiCAR, came into effect in December 2024 with 2025 being the first full calendar year of its implementation. The results of an internal audit, released under the Freedom of Information Act, said that the Central Bank was under “considerable time pressure” to review and approve applications by firms under MiCAR. Companies that had…
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