Tag Archives: Portugal

Worldcoin is yet again under scrutiny due to its “proof of personhood” project in Europe, which seeks to expand its user base by having individuals verify their humanity through eyeball scans. As per the Worldcoin website, the project has over 4.5 million sign-ups from 120 countries. Worldcoin Ordered to Halt Biometric Data Collection According to Reuters, the Portugal data regulator, CNPD, has mandated Worldcoin to suspend its collection of personal data for 90 days. CNPD...

Bittimaatti, a subsidiary of Finnish cryptocurrency service provider Coinmotion, has opened the world’s northernmost cryptocurrency ATM inside Poronportti, near the skiing center Levi in Kittilä, Finland. With its Bittimaatti machines, bitcoin and other cryptocurrencies can be converted into cash. It’s also possible to buy crypto with the machines. 200km north of the Arctic Circle, Kittilä and the surrounding area have become a very popular holiday destination, especially in the winter,...

In the city of Lagos, Portugal, there’s a little hub called the Bam-Bam Beach Bitcoin Bar. It’s co-owned by Dutch investor Didi Taihuttu, and it attracts people from all over the world not just for its fine drinks and spirits, but for its love of bitcoin. Here, people can gather and discuss the future of the space and all they’ve accomplished within its boundaries over the past few years. Didi Taihuttu Is Opening a Bitcoin Bar If the name Taihuttu isn’t familiar yet, it...

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Portugal’s Finance Minister Fernando Medina has confirmed plans to apply capital gains taxes on cryptocurrency profits. Though he has not committed to a specific date, he stressed that there can no longer be gaps within the tax system around transactions involving digital assets. Ending the Tax Haven? Cryptocurrencies are currently subject to very few tax rules in Portugal, making the country something of a crypto hub. However, the government finally committed to creating a...

The first-ever Portuguese real-estate purchase has been settled for Bitcoin – without involving a conversion back to fiat money. Buying a Home With Bitcoin As reported by the local news outlet Idealista, the deal was for a T3 apartment in Braga, costing the buyer exactly 3 Bitcoin. That’s about 102,000 euros, or 108,000 dollars, at current prices. Until last month, purchasing real estate using cryptocurrencies required buyers to first convert their holdings to euros. However,...

Banco de Portugal (the nation’s central banking institution) has reportedly approved Bison Bank to start offering cryptocurrency services to clients. To do so, the latter will create a subsidiary called Bison Digital Assets, which will operate in the “virtual asset custody and exchange business.” Bison Bank Leads the Way According to the local coverage, Bison Bank became the first monetary organization authorized by the Central Bank to provide cryptocurrency trading...

The count of citizens leaving their homeland in Ukraine because of the ongoing war with Russia continues to increase. Estimates from various sources put the number anywhere between 2.5 and 4 million. Data from CBS News points at roughly 3 million people leaving Ukraine. Another report hints that Portugal is shaping as a preferred destination for a range of reasons, one of which being the crypto-friendly policies of the country. Ukrainians Seeking Refuge in Portugal A recent...

San Francisco-based cryptocurrency startup Anchorage is looking to Portugal to supply it with fresh talent to fill up its remaining positions.Anchorage Looks to Europe for WorkersWhy Portugal when the company is based on the U.S. west coast? Portugal is a country that’s rather excited about big tech. Thus, it should have the individuals the company needs to ensure its operations can go smoothly and by the numbers. Anchorage president and co-founder Diogo Monica explained in an interview:For...