Portuguese Authorities Contemplate Launching an Investigation on Local Crypto...
Portuguese authorities are reportedly planning to take action against social media influencers who provide advice on crypto-related investments. The plans are being discussed in the wake of an online petition signed by thousands of Portuguese. A Crypto Youtuber Already in the Authorities Loop According to Expresso, Portugal’s judicial police, Policía Judiciária, is “analyzing” whether domestic crypto Youtubers commit some illegal activity with their content. In fact, authorities are looking to target the ones who promote crypto scams indirectly, such as fake....
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Two 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 Assembly of the Republic, Portugal’s legislature, have rejected two separate proposals to tax profits from crypto investments. They came from the leftist parties Bloco de Esquerda (Left Bloc) and Livre, and were turned down by the majority of the....
The Indian crypto exchange was under investigation by local authorities for money laundering allegations which caused a freeze on over $8.1 million in bank account funds. The Enforcement Directorate of India (ED) unfroze the bank accounts of the Indian crypto exchange WazirX, according to a statement from the exchange released on Sept. 12.WazirX says it has been cooperating with local authorities during their anti-money laundering (AML) investigation by providing all of the necessary documents and details requested. The investigation targeted 16 fintech companies and instant loan apps,....
At last, Portuguese Bitcoiners will be able to easily buy and sell Bitcoins in an ATM in the country city capital, Lisbon! Bitcoin Já is a Portuguese Company who recently launched a new and innovative Bitcoin Teller Machine. Bitcoin Já established a partnership with Partteam to fully design and produce this equipment with local resources. Portugal is well known for their brilliant Bitcoin ATM production, but Bitcoin Já Bitcoin ATM is the first Bitcoin Teller totally designed and manufactured in Portugal by a Local Startup. Bitcoin Já ATM launch event was held last Saturday, 4th October, at....
Major Portuguese banks have started closing or refusing to open accounts for cryptocurrency platforms such as exchanges, according to media reports. The move threatens to tarnish the country’s image as one of Europe’s most crypto-friendly destinations, a haven for bitcoin enthusiasts.
Portuguese Crypto Firms Hit by Bank Account Closures
Portugal, a leading European crypto hub, is risking the loss of its attractiveness for crypto businesses and talent working in the industry as some of its largest banks are now closing accounts of companies operating with digital....
According to reports, the Japanese government is one of the first countries to use non-fungible tokens (NFTs) as a supplementary award to local authorities that excelled in a digitization competition. The awards were given to local authorities as recognition for their efforts in using digital technology to solve local challenges.
Issuing and Distributing NFTs via a Low-Cost Blockchain
In what has been described as a first for the Japanese government, the country’s cabinet secretariat recently used non-fungible tokens (NFTs) as a supplementary prize during a ceremony to....