Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

It is a complex area, and one that is rapidly evolving. My Department is paying close attention to developments in this area. It is important to say that Ireland is already recognised as a global leader in the exchange of information. Exchanging information on crypto-assets is important and reinforces our commitment to best international practice and tax transparency. Given the nature of the issue at hand, we can only address it collectively with countries working together through established frameworks. It is also in the relevant international forums that we can have a co-ordinated and cohesive approach to dealing with the issues that arise from crypto-assets. That is why we have been directly involved in developing the crypto-asset reporting framework in recent years. I assure the Deputy we will continue to work on that. I do not have to hand the data he has sought. I will check with the Department what information we have and can make available.

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