News on October 24th, the Bank of New York Mellon (BNY Mellon) urged the Ministry of Finance to impose regulation on crypto assets while enacting new EU rules.
The U.S. bank recently established a digital asset custody service base in Dublin for institutional clients investing in crypto assets. The Bank of New York Mellon met with Secretary of State Seán Fleming in May to provide reasons for the regulation of crypto assets in Ireland. EU-wide rules are still being discussed at the European level.