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Ireland bars crypto from tax-advantaged state savings scheme

The rule means shares, bonds, funds, ETFs and insurance products can enter the scheme, but crypto cannot, with account openings scheduled for next year.

Reported · Written up by our desk · Regulation

Ireland will exclude cryptocurrency holdings from a new tax-advantaged state savings scheme aimed at attracting about $203 billion in deposits, according to Decrypt.

The program will allow a range of traditional financial products, including shares, bonds, funds, ETFs and insurance products, but crypto will be barred from qualifying for the tax benefits.

The accounts are set to open next year, Decrypt reported.

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