The Irish government has decided to exclude cryptocurrencies from a new savings and investment incentive program set to launch in 2027. This initiative will include stocks, bonds, funds, ETFs, and insurance products, but will not permit the use of cryptocurrencies, derivatives, or interest-bearing cash accounts.
The program aims to redistribute a portion of the €175 billion ($203 billion) held by Irish households in bank deposits. Authorities are expected to reveal details about the tax incentives and annual limits on October 6.