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Growing pains for the Central Bank under the EU’s new crypto rules

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…

The Currency

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Nov 10, 2026 at 5:48 AM UTC · Updated hace 16 horas · 1 min de lectura

Growing pains for the Central Bank under the EU’s new crypto rules
Image via The Currency

Key Signal

December 2024 MiCA effective date

Last Updated

hace 16 horas

Traduciendo…

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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Why this matters

The audit findings highlight operational pressure at an EU regulator responsible for approving crypto firms under MiCA. The changes could affect authorization timelines and suggest that implementation capacity remains an important constraint as the EU’s crypto-rule framework moves into its first full calendar year.

#crypto#government-policy

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Originally reported by The Currency

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