Mi Store Portugal Reveals Crypto Acceptance, Xiaomi Says ‘Decision Was Made Without Knowledge or Approval’ – Bitcoin News
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Portugal
Xiaomi to Start Accepting Crypto Payments in Portugal
According to the Xiaomi announcement, customers in Portugal can purchase products using any of five supported crypto assets, including BTC, ETH, and USDT.Xiaomi recently announced that any customer who purchases its products through its Mi Store Portugal can pay using crypto. The Chinese multinational electronics company is partnering with Utrust,
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Grammy winner Portugal. The Man launches fan token on Ethereum blockchain
Grammy Award-winning American pop-rock band "Portugal. The Man" has launched a fan-focused cryptocurrency on the Ethereum-based Rally Network. Known as PTM Coin, the new token will reportedly grant fans exclusive access to various events and perks, including a livestream party, previously unreleased songs and more.Fan tokens emerged as a growing
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Portugal Unveils ‘Free Zones’ for Emerging Technologies in Digital Action Plan
The Portuguese government plans to create “Technological Free Zones” (Zonas Livres Tecnológicas) with tailored regulatory regimes that encourage innovation and experimentation.Unveiled on April 21 as part of the country’s ambitious digital transition action plan, the country’s Council of Ministers pledged that the new zones will be adapted so as to
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Why Crypto Traders and Miners Might Head to Portugal
Existing outside of the realm of traditional finance and with no central point of authority, digital assets have posed several challenges to governments worldwide. Many nations have struggled with how to define and regulate cryptocurrencies, and there is no uniformity because each country has developed its own unique approach.Data
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Portugal Could Be a Tax Haven — Not Only for Crypto Traders
The Portugal Tax Authority (PTA) announced last month that cryptocurrency trading and payments in crypto would not be subject to value-added tax (VAT).According to the announcement, cryptocurrency payments that are subject to the provision of services under Article 9 (27) (d) of Portuguese tax law are exempt from VAT.
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Crypto News From Brazil and Portugal: Aug. 24-31 in Review
This week saw major expansion of crypto payments in Brazil, new standards freeing Bitcoin from Portuguese taxes, and the allegedly fraudulent Grupo Bitcoin Banco’s refusal to pay clients their deposited funds. Brazil’s central bank announced that it would classify cryptocurrencies according to International Monetary Fund (IMF) guidelines on Aug. 26.
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Portugal Reiterates a Tax Free Policy for Cryptocurrency Earnings
Cryptocurrency payments and trading using digital currencies are now tax free in Portugal, the European country’s tax authority has clarified. It should be noted that there is no income tax on cryptocurrency earnings in the country.Local Business newspaper Jornal de Negócios has reported earlier this week that the relevant tax
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