The crypto landscape is constantly evolving, and securing your digital assets requires attention to detail and vigilance. Staying informed about the projects you invest in and security best practices, as well as keeping your networks and wallets up-to-date will help to reduce your risk of attacks.

How to Secure Your Crypto Assets in Ireland, your digital assets are at the mercy of cyber criminals looking for opportunities to steal or misuse your funds. Robust cybersecurity features and strong authentication are essential, including secure wallet management, two-factor authentication, cold storage, and a good customer support team.

How to Secure Your Crypto Assets in Ireland

In Ireland, the Criminal Assets Bureau (CAB) is a statutory body with a mandate to identify, investigate, trace and recover assets that are the proceeds of criminal activity. To this end, it operates a multi-disciplinary team of police officers, tax officials and social welfare workers, with specialist legal officers and forensic and financial analysts. CAB also collaborates extensively with international law enforcement and related entities.

CAB’s 2021 Annual Report detailed how a dedicated team of officers, working alongside Garda National Drugs and Organised Crime Bureau (GNDOCB) members, successfully assisted a U.S. Homeland Security Investigation Team investigating the thefts of large amounts of cryptocurrency.

The European Union’s MiCA framework (Micro-Assets Compliance and Assurance Regulation) provides an EU-wide regulatory framework for firms that offer services related to certain crypto-assets. For example, a provider of services such as custodial holding, custody, exchange of assets, lending/borrowing, and yield/staking may be required to apply to become an authorised crypto-asset service providers (CASPs). MiCA also requires that any funds received from clients are held separately from the CASP’s own accounts, and that adequate arrangements are in place to protect ownership rights.