Ireland is set to draft cryptocurrency legislation as a matter of priority to ensure the country is compliant with European Union laws on anti-money laundering and terror financing. With an upcoming deadline of December 30 looming, Ireland’s Finance Minister Jack Chambers has warned of the importance of ensuring crypto guidelines are updated before the EU laws take effect. As reported by the Irish Examiner, no specific details were given on what the legislation would entail or when it would be applied in Ireland, but swift action is likely. Earlier this year, the Irish police force seized around €6.5 million (just over $7m) of crypto following a lengthy probe into ‘darknet markets’ and money laundering.