190. Section 46 of the Principal Act is amended—

(a) in subsection (1), by the insertion of the following definition:

“ ‘cryptocurrency’ means any form of digital currency that is not regulated, and in relation to which encryption techniques are used to regulate the generation of units of currency and verify the transfer of monies;”,

and

(b) in paragraph (aa) of subsection (2)—

(i) by the deletion of paragraph (d) of the definition of “institution”, and

(ii) by the substitution of the following paragraphs for paragraphs (e) and (f) of the definition of “institution”:

“(e) An Post,

(f) credit institution authorised in accordance with the European Union (Capital Requirements) Regulations 2014 (S.I. No. 158 of 2014) to carry on business in the State, or

(g) a credit union registered as such under the Credit Union Act 1997;”.