We've always been avid supporters of the blockchain network, and covered its potential uses numerous times in our previous articles. However, we haven't always talked about the regulatory issues that blockchain implementation has to deal with.

According to recent reports, there are numerous blockchain-based start-ups looking to set foot in Ireland, yet they're all dealing with some regulatory conflicts. This is mostly so due to the fact that blockchain technology is decentralized by its nature, which is the main reason why financial frameworks alongside with money transmission regulation does not apply to the distributed ledger technology, thus coming into conflict with it.