How Portugal became Europe’s accidental ‘bitcoin heaven’

Financial authorities across the globe are grappling with fundamental questions about cryptocurrencies. — AP

LISBON: As governments slowly shackle the crypto industry with regulations and obligations, Portugal is increasingly isolated in Europe – a place with few rules that investors describe as a crypto paradise.

“You don’t need to do anything else because you already have a perfect system, with zero percent tax on bitcoin,” said Didi Taihuttu, a prominent crypto enthusiast who shifted his family to Portugal from the Netherlands.