Is crypto legal in Ireland?
Cryptocurrency is legal in Ireland, but subject to regulatory restrictions.
Northern Europe · IE · 8 of 9 dimensions sourced
Ireland crypto policy at a glance
Stage of the central bank digital currency programme — research, pilot, or launched.
Whether crypto is legal, restricted, or banned for individuals and businesses.
“All VASPs established in Ireland are required to register with the Central Bank for AML/CFT purposes only. Please note that it is a criminal offence to carry on the business of a VASP in the absence of registration.”
Whether the jurisdiction licenses crypto/VASP service providers.
“All registered VASPs that intend to continue to operate following the 12 month transitional period ... will require a CASP authorisation from the Central Bank prior to 30 December 2025.”
Rules governing stablecoin and e-money-token issuance.
“From 30 June 2024, MiCAR is applicable to issuers, offerors and persons seeking admission to trading of Asset-Referenced Tokens (ARTs) and Electronic Money Tokens (EMTs).”
How crypto gains are taxed and reported, including OECD CARF participation.
“CGT is a tax you pay on any capital gain (profit) made when you sell, gift or exchange an asset. The current rate of CGT is 33% for most gains.”
How decentralized finance (DeFi) is treated by regulators.
“This Note discusses the financial stability implications of digital assets and decentralised finance (DeFi) and outlines the emerging regulatory response.”
Whether NFTs are addressed in regulation.
“Examples of crypto-assets include... non-fungible tokens (NFTs). The tax treatment of transactions involving crypto-assets, including NFTs, depends on the nature of the activity and the parties involved.”
Policy toward crypto mining — permitted, restricted, or banned.
Intensity of regulatory enforcement actions against crypto firms.
“The Central Bank has issued warnings to consumers about the risks of virtual currencies and firms offering crypto-asset related services.”
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