MarketPR
Ireland has barred cryptocurrency from a new tax-advantaged savings scheme designed to draw funds from the nation's massive deposit accounts.
Tánaiste and Minister for Finance Simon Harris detailed the plan on Sunday in an Instagram video, stating the accounts are intended to help citizens build economic resilience.
The scheme will permit savers to hold shares, bonds, funds, exchange-traded funds, and insurance-based products, but it explicitly excludes crypto assets, derivatives, and interest-bearing cash.
Every Irish tax-resident aged 18 or older will be eligible for one account. Contributions up to a specific threshold will be tax-free, while amounts exceeding that limit will be subject to a low annual flat rate.
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