Alan Dillon (Mayo, Fine Gael) | Oireachtas source

With the various types of crypto-assets, such as stablecoins and utility tokens, and with the privacy focus around cryptocurrency, it is important to have information in the public domain about what types of revenue the State is generating in this space. As we have said, people are looking for innovative areas in which to invest, such as digital assets. We certainly need a monitoring and tracking tool to ensure crypto transactions are reported, given their decentralised and pseudonymous nature within the sector. That would be important. As the Minister says, we are now moving into a space where a lot of people are investing in these types of assets. It will be a major sector in the years to come.

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