The proposed tax plans have left a bad taste in the mouth of digital currency enthusiasts as the country had a reputation in Europe with pro-digital asset legislation.
The banks closing down digital assets firms' accounts include some of Portugal's biggest lenders, Banco Comercial Portugues (BCP) and Banco Santander.
The proposals were brought by two left-wing minority parties, Block de Esquerda and Livre—with Livre seeking to tax gains above €5,000 (about $5,340.45) made from digital currencies.
Portuguese Finance Minister Fernando Medina confirmed to Parliament that his ministry is studying how to tax digital currency gains in the country.
The country's central bank Banco de Portugal gave full permission to launch the Bison Digital Assets exchange to offer diverse virtual currency assistance, according to local media reports.
In this article, author Dr. Craig Wright highlights the current crisis of the Republic of Mozambique after it gained political independence from Portugal on June 25, 1975.
The technological free zones will focus on innovation and testing emerging technologies like AI, blockchain, big data, and 5G.
The Bitcoin SV ecosystem took a leap forward in February, when 30 developers gathered in Lisbon, Portugal for the second CambrianSV Bootcamp.
This is the second CoinGeek Originals that documents the CambrianSV experience, a Bitcoin-development bootcamp organized by RelayX and FloatSV founder Jack Liu.
CoinGeek has prepared an inside look at the highly successful Cambrian SV developers’ event held this past February in Portugal.
The developers at the CambrianSV Bootcamp in Lisbon took time off from coding to pay their respects to Lisbon’s great historical figures.