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ARTICLE · 07 APRIL 2022

CBI Maintains Cautious Stance As Adoption Of Crypto-Assets Progresses

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The Central Bank of Ireland ("CBI") published its Securities Markets Risk Outlook Report on 8 February 2022 detailing the CBI' supervisory priorities for securities markets for the year ahead.

IrelandTechnology
Mark Costello
Mark Costello
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Introduction

The Central Bank of Ireland ("CBI") published its Securities Markets Risk Outlook Report on 8 February 2022 detailing the CBI' supervisory priorities for securities markets for the year ahead. One element of the report describes how the CBI will retain a cautious stance towards crypto-assets, and indeed funds offering exposure to crypto-assets, in the year ahead. The CBI's stance remains steadfast despite the greater investor demand, the increasing adoption of crypto-assets generally and what appear to be the less restrictive approaches of other regulators. 

After considering the points about crypto-assets raised in the report, this Insight examines how the crypto-asset class is developing and the extent of its adoption by investors, corporations, and lawmakers. Crypto-asset regulatory developments will also be examined in brief.

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