Just in, apparently there was a proposal to the Portuguese government to now have taxes on Crypto especially Bitcoin. Portugal has always been seeb as one of the most elite crypto tax heavens but as it’s part of Europe, it’s very pro Crypto stance is unusual and will likely continue to be challenged.
Even before this good news, there were reports of increasing crypto adoption in Portugal. For example we just saw the first bitcoin-only transaction for real estate there recently. And now with this rejection it seems like Portugal is really pro-crypto.
Quite extraordinary to have such a “big” country representing crypto is such a good way. Especially of its part of Europe, where they recently started drastic regulations. Let’s hope they hold through those headwinds and stick to their plan.