August 31, 20:25

Ireland excludes crypto from planned tax-advantaged investment accounts

Ireland Excludes Crypto From New Investment Accounts

Cointelegraph

Ireland's Department of Finance has unveiled plans for tax-advantaged investment accounts that exclude crypto assets and derivatives. The accounts will allow investments in stocks. They will allow investments in bonds. They will allow investments in exchange-traded funds and other investment funds. The government classifies crypto assets and derivatives as highly complex and risky products. The accounts will be available to Irish residents next year. The government has not set a specific launch date. Ireland's Budget 2027 will announce the tax rate. Budget 2027 will also announce the tax-free threshold. The department says the accounts aim to encourage more retail investing. Ireland has also proposed reforms to strengthen anti-money-laundering requirements for the crypto sector.

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