Ireland excludes cryptocurrency from new tax-advantaged state savings scheme targeting €203B in deposits.
Regulation & Gov ·
Ireland's government has excluded cryptocurrency from a new tax-advantaged savings scheme designed to redirect €175 billion ($203 billion) held in household deposit accounts into eligible investments. The scheme, opening next year, will permit shares, bonds, funds, exchange-traded funds, and insurance products, while barring crypto assets, derivatives, and interest-bearing cash. The exclusion follows Ireland's August launch of an anti-money laundering strategy that included enhanced oversight of crypto transactions and transfers involving private wallets.