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Mário Centeno, the Governor of Banco de Portugal, joins a chorus of regulators, claiming that national efforts to oversee crypto wouldn’t work correctly without a global framework. A section of Mário Centeno's speech. Source: Publicnow.comIn his opening speech at the 2023 Banco de Portugal Financial Stability Conference on Oct. 2, Centeno
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Authorities 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
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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
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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
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An 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
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Bison Bank was authorized to offer crypto custodian and trading services in Portugal on Thursday. Source
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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
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Utrust, a Portugal-based on-chain crypto payments firm, has received a license from the Portuguese central bank (Banco de Portugal) to operate as a virtual asset service provider, Nuno Correia, Utrust co-founder and chief strategy officer, told CoinDesk on Wednesday. Original Source
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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
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