Ireland Excludes Crypto From Tax-Advantaged State Savings Scheme

Ireland’s planned state savings scheme will not allow cryptocurrency investments, according to Decrypt. The accounts are intended to provide tax advantages and are set to open next year, targeting deposits worth about $203 billion. Eligible products will include shares, bonds, investment funds, exchange-traded funds and insurance products. The exclusion means crypto assets will not qualify for the same tax-advantaged treatment under the scheme. The policy positions traditional financial products as the qualifying investment options when the accounts become available. Decrypt reported the details without providing further information on the structure of the accounts or the treatment of digital assets outside the program.