One of the first crypto-asset firms to be registered by the Central Bank of Ireland has opted to secure full European approval in Luxembourg instead of Dublin. In August 2022, a London-based crypto start-up backed by the likes of Standard Chartered, Japan’s SBI, and US finance giant Northern Trust was added to the Central Bank’s virtual asset service provider register (Vasp).  The Vasp regime was created through legislation in 2021 and brought crypto-asset firms under the purview of anti-money laundering rules. At the time, Vasp registers were handled on a country-by-country basis, meaning that crypto firms had to join a register…

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