Is the Central Bank pushing fintechs away from Ireland?

“With crypto firms able to passport their services across the EEA, there is the possibility of thousands of fintechs doing business here while being authorised elsewhere,”

​Non-executive director Peter Oakes, founder of Fintech Ireland and former enforcement director at the Central Bank of Ireland comments within an insightful piece by Charlie Taylor of the Business Post.

​In terms of optics, Coinbase’s decision to relocate doesn’t look great for Ireland Inc. But in truth, it ultimately might not matter.

Peter Oakes, a former Central Bank enforcement director and founder of Fintech Ireland, an industry group, said that while many exchanges may get authorised elsewhere, there is still the potential for Ireland to become a hub for compliance and risk management.
“With crypto firms able to passport their services across the EEA, there is the possibility of thousands of fintechs doing business here while being authorised elsewhere,” he said, noting that Coinbase was still keeping a big presence locally.
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Even so, this is a debate that is unlikely to end any time soon.

Source: https://www.businesspost.ie/tech/charlie-taylor-is-the-central-bank-pushing-fintechs-away-from-ireland/
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"Is certain negative narrative from 'unnamed insiders' about the Central Bank of Ireland informed, wise and indeed accurate?"

Is certain negative narrative from 'unnamed insiders' about the Central Bank of Ireland informed, wise and indeed accurate?