Ireland's New Savings Scheme Excludes Crypto Assets to Boost Investment

Irish Minister for Finance Simon Harris unveiled a new national savings and investment framework aimed at mobilizing $203 billion in household bank deposits. The plan allows for stocks, bonds, and ETFs but explicitly excludes crypto assets, derivatives, and interest-bearing cash. The initiative, expected to launch next year, offers tax advantages for residents over 18. Central Bank of Ireland data indicates that approximately 10% of Irish adults hold crypto, and the government has recently tightened anti-money laundering oversight for the sector.