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ARTICLE · 10 MAY 2022

Fintech, Crypto And The Central Bank Of Ireland: The Progress Made So Far

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Financial regulators across the globe have been facing the challenges posed by modern technological advancement and its impact on the financial services sector.

IrelandTechnology
Joe Beashel
Joe Beashel
Wayne Flanagan
Wayne Flanagan
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Fintech, Cryptocurrency and Associated Challenges

Financial regulators across the globe have been facing the challenges posed by modern technological advancement and its impact on the financial services sector.  Financial technology (“fintech”) and particularity the risks and complexities arising out of the surge in popularity and commensurate adoption of cryptocurrency technology, has given rise to unique legal and regulatory concerns on behalf of regulatory authorities.  One of the exciting by-products of cryptocurrency technology is its seemingly boundless use cases.  While this presents great opportunity, it brings with it a mass of difficulty in understanding on the part of industry participants and regulators alike, and poses distinct risks for both consumers and the integrity of the wider financial market.  

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