Sign post to CompliReg blog on speech by Minister of Finance Paschal Donohoe to Blockchain Ireland audience yesterday (24 May 2021), covering fintech, payments, blockchain and crypto.
Read the full speech at the link above.
Some extracts that caught our eye:
Continue reading here - CompliReg blog
Read the full speech at the link above.
Some extracts that caught our eye:
- "We have a track record in this country for building globally recognised #payment companies and innovative financial services businesses.
- The necessity to transact a payment online forced many to implicitly “trust” in the process, without considering who the company offering such services is or what consumer protection safeguards are in place if something goes wrong.
- #Blockchain is also enabling innovative approaches to educational credentialing in the Irish banking sector.
- Equally, I recognise that the blockchain technology that underpins these [#crypto] currencies is being a catalyst for innovation in the financial services sector, particularly payments and capital markets.
- As Minister for Finance, I’m conscious that investing in #cryptocurrencies continues to involve risks and that there must be adequate regulation to protect consumers in this regard.
- ... there are 12 educational institutions across Ireland that are supporting and researching blockchain, whether that is in the form of ongoing research, study programmes or partnerships with other companies."
Continue reading here - CompliReg blog