Techub News reported that according to the Irish Examiner, Irish Finance Minister Jack Chambers told the cabinet that emergency legislation will be drafted to update cryptocurrency regulations before EU law takes effect on December 30, but no details about the new cryptocurrency legislation or when it will take effect have been disclosed. As of July, the Central Bank of Ireland has approved 15 virtual asset service providers, including Gemini, Ripple, Paysafe, Moonpay and Coinbase.