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ARTICLE · 27 NOVEMBER 2021

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Crypto-Asset Funds In Ireland: The CBI's Stance

RDJ LLP
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In this Insight (Part 2 of 2) we consider the Central Bank of Ireland's approach to funds with an exposure to crypto-assets and reflect on how Ireland's funds industry is well-placed to take advantage of any future change ...

IrelandTechnology
RDJ LLP
RDJ LLP
Mark Costello
Mark Costello
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In this Insight (Part 2 of 2) we consider the Central Bank of Ireland's approach to funds with an exposure to crypto-assets and reflect on how Ireland's funds industry is well-placed to take advantage of any future change in the CBI's approach to funds with an exposure to crypto-assets.

(Read part one Shifting Tides: International Regulatory Developments in Bitcoin ETFs here).

Bitcoin in the Context of UCITS & AIF

While UCITS operates to restrict the type and diversity of assets that funds can hold and has been interpreted as likely excluding crypto-assets, such as bitcoin, from a UCITS-compliant fund, there does not appear to be any specific restrictions on holding crypto-assets in funds in Ireland.

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