Ireland moves to bar cryptocurrencies from a new state savings scheme that will offer tax-advantaged accounts for savers starting next year. The measure bars crypto from qualifying products while allowing other financial assets.
Under the plan, shares, bonds, funds, exchange-traded funds (ETFs) and insurance products are set to qualify for the scheme. The outlets frame the decision as part of a broader effort to channel savings into established, regulated financial instruments.
Both sources highlight the scheme’s scale and ambition, describing it as targeting large deposit levels—reported as about $203 billion. While the coverage differs only slightly in emphasis, they agree on the core point: cryptocurrencies are not included among the eligible products, even as the scheme opens to a range of traditional investment and savings options.
