Ireland Bans Crypto From New State Investment Scheme
Covered by 4 sources · 4 articles
Ireland has excluded cryptocurrencies from a new state-backed savings and investment scheme launching next year aimed at encouraging residents to shift deposits into capital markets. The initiative, which will offer tax advantages for qualifying investments, will accept shares, bonds, funds, ETFs, and insurance products but notably leaves digital assets off the approved list. The exclusion reflects regulatory concerns around crypto volatility and risk classification.
- Ireland's new tax-advantaged investment scheme explicitly bars crypto despite accepting conventional asset classes, signaling regulatory caution toward digital assets in state-backed programs.
- The scheme launches in 2025 and targets retail capital allocation away from bank deposits into traditional markets.
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Shares, bonds, funds, ETFs and insurance products will qualify for the tax-advantaged accounts, which open next year.
Ireland Bars Crypto From State Savings Scheme Targeting $203B in Deposits
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