Portugal Congress Party Disapproves The New Bill About Taxing Cryptocurrencies
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 […]
Related News
The Portuguese Minister of Finance had recently declared that cryptocurrencies in the country will soon be subject to capital gains taxes. The Portuguese congress, Assembleia da Republica, has rejected two bills that would have imposed a tax on cryptocurrencies.Portugal has long been regarded as a cryptocurrency tax haven, and the trading of cryptocurrencies has been tax-free since 2018. In addition, trading digital assets is not considered investment income in Portugal. This has attracted crypto startups and events to Lisbon, despite the fact that businesses that accept Bitcoin must pay....
Two U.S. senators have introduced a bipartisan bill aimed at improving the oversight of cryptocurrency. The bill requires the Treasury Secretary to submit a report to Congress on cryptocurrencies and their competitiveness globally, including how other countries are using and mining them as well as their impacts on supply chains.
New Bill Introduced to Improve Oversight of Cryptocurrencies and Their Uses Globally
Senator Maggie Hassan, a member of the Senate Homeland Security and Governmental Affairs Committee, and Senator Joni Ernst introduced legislation on cryptocurrency....
The Brazilian Congress failed to address a proposed cryptocurrency bill this week. While the proposed public policy was indeed on the agenda, the deputy chamber focused on discussing bills that tend to other issues, including health and digital education problems. The digital currency bill is scheduled to be discussed again in September.
Brazilian Congress Sidelines Crypto Bill Discussion
The Brazilian Congress, which had slated for this week the discussion and a possible vote of a proposed cryptocurrency bill, sidelined it to deal with other legislative issues. The deputy....
The Congress of Colombia has approved a bill that regulates the behavior of cryptocurrency exchanges in the country in its first discussion, taking the first steps to bring clarity to this issue. One of the creators of the bill, Mauricio Toro, a representative of the Green Party, stated that this bill is needed to protect users from Ponzi schemes, giving them security in the crypto world.
Colombia Gets on the Crypto Regulation Road
More and more countries in Latam are realizing the growth and influence crypto and crypto-related businesses are seeing in their territories. Colombia....
The small Iberian nation is set to reverse a long-standing tax law that excluded crypto gains on the grounds that they are not legal tender. To the chagrin of many Golden Visa seekers, Portuguese Finance Minister Fernando Medina has confirmed that his country will begin taxing cryptocurrency but has not committed to a date.The move to start taxing crypto was seconded by Secretary of State for Tax Affairs António Mendonça Mendes on May 13 according to Sapo, a local news outlet.There is not yet an effective date for the tax to start or a set rate, however. It will be levied on investment....