The Irish Government is considering allowing consumers to buy digital currencies and other virtual currencies from Irish banks.
The Government’s virtual currency strategy, set out in the 2016 State of the Irish Economy, aims to encourage people to use digital currencies in a way that will benefit their financial situation.
The digital currency plan has been a priority for the Government since 2016, when then Taoiseach Enda Kenny announced a consultation on digital currencies.
The consultation was prompted by a number of developments.
One of those was a major move to allow digital currency purchases from banks.
However, in an interview with RTÉ last year, Mr Kenny said that the Government was not in a position to legislate on digital currency yet.
He said: “We’re not in position to have any legislation on digital coins.”
In response, Digital Currency Group Ireland (DCGI) said that digital currencies had been “unacceptable” to the Government and the European Commission, which it said was the case for other virtual currency platforms.DCGI said:”As the Government’s Virtual Currency Strategy makes clear, there is a need to encourage digital currency use, to ensure the Government is making the right decisions.”
However, it is also clear that we need to protect the integrity of our financial system.
“Digital currency has been used by criminals and terrorists, and it’s not acceptable for a major financial institution to accept this as payment.”
Digital currencies are increasingly being accepted by consumers, businesses and financial institutions across Europe.
The European Central Bank has also indicated that it is looking into whether to allow online payment methods such as bitcoin to be accepted by its member banks.
A number of digital currencies have been offered by credit card providers such as Visa, MasterCard and Amex.
Some are now also being offered by e-commerce sites.
In addition, there are numerous apps that offer users the opportunity to buy and sell virtual currencies on the internet, such as BitCoin, Monero and Dogecoin.
These cryptocurrencies are backed by digital currency which can be transferred from one person to another without a third party.
However they are currently very volatile and trading them is not widely available.
Online marketplaces have been available since the early days of the internet.
The Irish Government’s plan for digital currencies, as outlined in the State of a Nation, includes a number in the form of the US dollar and the British pound.
It also aims to enable businesses and individuals to use virtual currencies through apps, website and e-wallet platforms.
It is understood that there are a number more currencies in the plan, including the European Union and China.
It has also been suggested that the Irish Government would introduce a digital currency tax.
It was previously thought that there was a risk of a US-style financial transaction tax on transactions with virtual currencies.
However a spokesperson for the Department of Finance has said that there is “no tax on virtual currencies”.