Government attitude and definition
The Irish Government has been keen to demonstrate its support of
the development and adoption of new technologies, including
blockchain, as a way to encourage digitalisation and foster
innovation. In a paper issued in December 2019 entitled
"International Financial Services Strategy 2025"
(IFS2025), the Irish Government stated its
commitment to developing Ireland as a global leader in the
financial services sector and announced measures aimed at
demonstrating Ireland's credentials as an EU centre of
excellence for distributed ledger technology
(DLT). In its "Action Plan for 2021",
launched under the IFS2025, the Irish Government committed to
establishing a new Department of Finance Fintech Working Group. The
Working Group will develop Ireland's policy positions in
response to the EU's Digital Finance Package, coordinate the
approach to fintech across the Department, and will engage with
external stakeholders to encourage