Ireland
Government attitude and definition
While the Irish Government has, to date, remained largely silent
on its attitude towards cryptocurrencies, the Irish Department of
Finance issued a Discussion Paper on Virtual Currencies and
Blockchain Technology in March 2018. The Paper discusses various
aspects of both, such as risks and benefits of currencies, but also
gives examples and details of countries which are either proponents
or opponents of cryptocurrencies and/or blockchain technology.
While the Discussion Paper does not outline or represent the
attitude of the Irish Government on this topic, it states that no
one policy measure or State agency has the ability to
comprehensively address all the risks and opportunities in the
area. Instead, it states that to evaluate each of these issues, the
Irish Government will require the expertise of multiple State
agencies such as the Department of Finance, the Revenue
Commissioner, the Data Protection Commission and
