Portugal has become a haven for cryptocurrency believers

A tax lawyer in London, who requested anonymity, said he would not advise his clients to invest in the country. "It's not a long-term strategy by the government to attract companies to the sector, there is a legal vacuum."

RIO DE JANEIRO, BRAZIL - Portugal has become a safe haven for cryptocurrency believers due to its low regulation and low taxes, which has caused a stir in the rest of Europe.

"You don't need to do anything else because you already have a perfect system with zero taxes on Bitcoin," explained Didi Taihuttu, an investor who moved to Portugal from the Netherlands with his family.

"For those who believe in Bitcoin, it's paradise," he adds.

Tax authorities around the world are scrutinizing the crypto phenomenon and trying to define what kind of assets they represent.

El Salvador directly . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?