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Can someone buy a house with Bitcoin in Ireland?

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Residential Sellers

I haven’t come across that myself and I haven’t heard of anyone else doing that. I don’t have the answer but I can give you a perspective. 

People may not realise but Estate Agents and Solicitors are governed by Anti-Money-Laundering LAW, AML, and it’s quite strict and is getting stricter all the time. SO, basically the idea is to have traceability of funds that is being spent or invested in property.

So, I see a possible problem with Bitcoin because essentially by definition it’s untraceable as I understand it. So, if somebody was buying a property using Bitcoin I would probably be obliged to report that as a suspicious transaction. I’d be legally bound to do that to the Revenue and An Garda Siochana. 


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