Crypto Taxes Can’t Stop the Party in Portugal
Portugal still has most of the things crypto investors and startups need to flourish, even after it imposed new taxes on digital assets.
Photographer: Goncalo Fonseca/BloombergWelcome to Bloomberg Crypto, our twice-weekly look at Bitcoin, blockchain and more. In today’s edition, Henrique Almeida delivers some taxing news from sunny Portugal:
After months of speculation, Portugal said it will start taxing short-term gains on digital assets next year. It’s a notable move, especially for a country seen as friendly to the sector. So what was the reaction among the crypto community that has blossomed in the southern European country? All good.