Bitcoin-Friendly Portugal Welcomes Refugees From Ukraine’s Crypto Sector, Rep...
With 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 From War-Torn Ukraine The Russian invasion of Ukraine has sent millions of refugees fleeing to other European nations and Portugal is no exception. Despite the great distance from the conflict zone, the country has already....
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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....
The 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 submitted by 12 entities that intend to offer Portuguese clients services for virtual assets, Dinheiro Vivo unveiled. The crypto firms need a license from Banco de....
“Crypto-friendly” banks in Portugal have started deactivating accounts of digital currency exchanges, which could be a sign of things to come. Banking giant Banco Comercial Portugues, the largest publicly traded bank in Portugal, terminated all of the accounts of the Lisbon-based crypto trading platform CriptoLoja last week. The CEO and founder of the exchange, Pedro […]
Portugal is a crypto tax haven since 2018 but not for long. The country used to have a hands-off policy on crypto exchanges, sale, and trading but has now maneuvered in the opposite direction by deciding to impose taxes on crypto transactions. According to ECO, a news outlet in Portugal, Fernando Medina, Minister of Finance, […]
Syrian and Iraqi refugees have fled war torn nations for Europe, leaving authorities in Europe overwhelmed. The process has been described as chaotic, and Europe is divided over how to handle the influx of refugees. One possible solution is refugee registration with the blockchain. A group of young Spanish hackers, calling themselves NevTrace, wants to streamline how refugees make it to, and assimilate in, new lands. The team has devised a platform featuring aspects of the Bitcoin technology to register all refugees fleeing the war in Iraq or Syria on a blockchain.