Irish Finance Minister Jack Chambers has told the cabinet that emergency legislation will be drafted to update cryptocurrency regulations before EU law takes effect on December 30th. No details have been disclosed regarding the new cryptocurrency legislation or its specific effective date. The bill also imposes stricter reporting requirements on cryptocurrency exchanges and sets a limit of $10850 (10000 euros) for cash payments. The monitoring of large transactions will be stricter, and new reporting requirements have been put forward for high-value transactions. The legislative framework covers a range of areas where such risks exist, including cryptocurrency assets and crowdfunding. @dsr