Ireland -- Custody Regulations Regulatory Overview

Ireland's cryptocurrency custody regulations are governed primarily by the Markets in Crypto-Assets Regulation (MiCAR), which became applicable to Crypto-Asset Service Providers (CASPs) on 30 December 2024[4]. However, the search results provided do not contain comprehensive details on all the specific custody requirements you've requested.

Current Regulatory Framework

Custodial License Requirements: CASPs offering custody and administration of crypto-assets must comply with MiCAR's authorization requirements overseen by the Central Bank of Ireland as the National Competent Authority[4]. Existing regulated financial service providers that intend to offer crypto-asset services must formally notify the Central Bank and may need additional approvals under their current authorization[2].

Governance and Prudential Requirements: CASPs have ongoing regulatory obligations including governance arrangements, conflicts of interest disclosure, marketing requirements, and prudential safeguarding requirements[3]. CASPs must adhere to prudential rules, including maintaining sufficient own funds[2].

Anti-Money Laundering Compliance: Virtual Asset Service Providers (VASPs) must comply with the EU's Fifth Money Laundering Directive, which requires adherence to "know-your-customer" requirements, customer due diligence, knowledge of asset source and destination, and reporting of suspicious financial activities[1][7].

Limitations in Available Information

The search results do not provide specific details on:

• Segregation of client assets rules
• Insurance or bonding requirements
• Cold storage mandates
• Qualified custodian definitions
• Pending custody legislation beyond the transitional MiCAR period (which ends 29 December 2025)[4]

For comprehensive information on these specific requirements, you would need to consult the full MiCAR regulation text or contact the Central Bank of Ireland directly, as the current search results do not contain sufficient detail on these particular custody standards.