Ireland to democratize finance with European Union MiCA regulation

On September 23rd, according to the official website of the Central Bank of Ireland, Ireland is promoting the democratization of finance through the European Market Crypto Asset Regulation (MiCA). Speaking at the European Compliance and Law Conference, Deputy Governor of the Central Bank of Ireland Derville Rowland said that Ireland is committed to promoting the application of cryptocurrencies on the premise of security innovation, especially the positive impact of blockchain technology in the investment and infrastructure sectors. The MiCA regulation introduces a unified regulatory framework for the cryptocurrency sector, regulating issuers of electronic currency tokens and crypto asset service providers. Rowland stressed that Ireland will work closely with European regulators to ensure consistent implementation of regulations and avoid regulatory differences. At the same time, Ireland will solidify its position in the fast-growing crypto industry by improving the enterprise authorization process, promoting financial inclusion and innovation.