Portugal slowly becoming a ‘haven’ for European Bitcoiners
The small, sunny country recently welcomed the Bitcoin Family to its shores; a closer inspection reveals a growing Bitcoiner community basking in a zero tax glow. While Switzerland holds the spotlight for being the most crypto-friendly jurisdiction in Europe, Portugal is picking up the pace. Indeed, the republic offers more than just quality of life improvements for Bitcoin (BTC) owners, including an attractive fiscal environment and a growing Bitcoiner community.Cointelegraph recently interviewed the Bitcoin Family, who recently relocated to Portugal, learning that there was more to the....
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The cryptocurrency tax haven could see taxes levied on profits realized from cryptocurrency trading or capital gains within a year of their acquisition. Long considered a cryptocurrency tax haven, Portugal's government has proposed a 28% tax on capital gains from cryptocurrencies held for less than a year.The 2023 State Budget document published on Oct. 10 featured a short section addressing the taxation of cryptocurrencies, which to date have been untouched by the Portuguese tax authorities, given that digital assets were not recognized as legal tender.The section notes that the....
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....
The first Bitcoin ATM comes to Portugal this weekend. Bitcoin startup Bitcoin Já is launching the first Bitcoin ATM machine in Lisbon, Portugal. This makes Portugal the latest European country to have a Bitcoin ATM machine installed. The event will be held this Saturday, October 4th, 2014, at the lobby of the @Cinema at Saldanha Residence in Lisbon. Lisbon and Bitcoin. Portugal's capital Lisbon is noted for its variety of architecture, trams and rich history. There are not very many cities in Western Europe that can claim to have been named by Julius Caesar himself. Lisbon, or Lisboa to....
The European country’s Parliament, the Assembleia da Republica, declined two bills levying cryptocurrencies. Portugal’s Finance Minister on Taxing Cryptocurrency Earlier this month, on May 13th, the country’s Minister of Finance, Fernando Medina, established that Portugal would soon commence cryptocurrency taxes. In his statement, Fernando emphasized that various countries have developed solid models in their crypto […]
Portugal 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 and regulatory provisions on the prevention of money laundering and terrorist financing (AML/CFT). Mind the Coin supports bitcoin, litecoin, and monero. “Buy bitcoin or other cryptocurrencies at our terminals or P2P online,”....