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Portugal Prepares to Tax Crypto Gains at Rate of 28%, Draft Budget Unveils

Portugal Prepares to Tax Crypto Gains at Rate of 28%, Draft Budget UnveilsAuthorities in Portugal intend to impose a levy on gains from short-term crypto investments with the state budget for next year. The document, which still needs the approval of Portuguese lawmakers, signals a change in the EU nation’s positive attitude towards crypto assets. Government of Portugal Proposes New Tax for Cryptocurrency-Related Gains In the past […]

New Mining Legislation in El Salvador Paves Way for Gold Exploitation

Dozen Crypto Companies Await Portugal License Despite Bank Account Closures

Dozen Crypto Companies Await Portugal License Despite Bank Account ClosuresThe central bank of Portugal is now reviewing 12 requests from businesses that want to provide crypto-related services in the country. The applications are pending decision amid recent reports that some commercial banks are closing accounts of already approved operators. Binance Among Cryptocurrency Platforms Seeking Authorization in Portugal Portugal’s monetary authority is currently evaluating requests […]

New Mining Legislation in El Salvador Paves Way for Gold Exploitation

Portuguese Parliament Rejects Crypto Tax Proposals During Budget Debate

Portuguese Parliament Rejects Crypto Tax Proposals During Budget DebateTwo proposals to tax crypto assets have failed to gain support from Portuguese lawmakers who are now discussing the state budget. The bids came from minority left-wing parties, while the ruling majority is yet to put forward its own draft to regulate the matter. Portuguese Lawmakers Stop Motions to Tax Crypto Gains Members of the […]

New Mining Legislation in El Salvador Paves Way for Gold Exploitation

Apartment Sold for Bitcoin in Portugal After New Regulation Allows Property Deals in Crypto

Apartment Sold for Bitcoin in Portugal After New Regulation Allows Property Deals in CryptoAn apartment in Portugal has changed hands, with the buyer paying directly in cryptocurrency in a reported first for the country. The home was purchased for 3 bitcoins without conversion to euros, under a new regulation permitting real estate deals with digital currencies. Buyer Pays With Bitcoin for Apartment in Braga, Portugal A three-room (two-bedroom) […]

New Mining Legislation in El Salvador Paves Way for Gold Exploitation

Bitcoin-Friendly Portugal Welcomes Refugees From Ukraine’s Crypto Sector, Report Reveals

Bitcoin-Friendly Portugal Welcomes Refugees From Ukraine’s Crypto Sector, Report RevealsWith a war raging in their homeland, thousands of Ukrainians, including many involved in the crypto space, have chosen Portugal as their new home. The country is an attractive destination, not only because of its warmer climate but also its relatively affordable cost of living and crypto-friendly tax regime. Portugal Attracts Crypto Talent and Business […]

New Mining Legislation in El Salvador Paves Way for Gold Exploitation

Portugal Begins Approving Cryptocurrency Exchanges — Two Licensed So Far

Portugal Begins Approving Cryptocurrency Exchanges — Two Licensed So FarPortugal now has two approved cryptocurrency exchanges. The country’s central bank, the Banco de Portugal, has licensed Mind the Coin and Criptoloja. In Portugal, the central bank is responsible for registering entities that intend to act as virtual asset service providers (VASPs). The bank must also ensure that they are in compliance with the legal […]

New Mining Legislation in El Salvador Paves Way for Gold Exploitation