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Ireland to exclude cryptocurrencies from tax-incentivised investment account from 2027

Ireland will exclude cryptocurrencies from a new investment account that will be available to all adults from 2027, keeping the tax-incentivised product focused on traditional financial instruments. The retail investment tax roadmap classifies crypto, alongside derivatives, as high-risk and highly complex, and also excludes interest-bearing cash. The account will be limited to one per eligible resident adult with a PPS number, with annual contribution caps. Tax parameters will be set on Oct. 6.

Crypto

Russia crypto enters regulated system; first-year trading seen at $46.4 billion

Russia’s new legal framework for cryptocurrencies takes effect on Sept. 1, and the country’s largest bank, Sberbank, forecasts the domestic crypto trading market could reach up to 4 trillion roubles, or about $46.4 billion, in the first year. A Sberbank executive also said trading could expand to 7.5 trillion roubles, or about $87.0 billion, by 2029 if growth continues. The bank is preparing to accept ether and USDT as loan collateral, subject to central bank approval.

Crypto

Russia\'s Sberbank seeks to expand crypto-backed loans with ETH and USDT, cool to digital ruble

Russia\'s largest bank Sberbank plans to expand crypto-backed lending by recognising ether and Tether\'s USDT as collateral after previously accepting bitcoin. The bank will adjust products to match a new Russian crypto law due to take effect on Sept. 1, with actual expansion contingent on central bank approval of public trading. Sberbank executives also signalled a cautious stance toward the digital ruble, citing limited interest beyond the central bank.