Cryptocurrency trading and payments in Portugal are tax-free, the European country’s tax authority has clarified.
Local business newspaper Jornal de Negócios reported the news earlier this week, saying that the authority has said that both cryptocurrency trading in real currencies and remuneration in cryptocurrencies are exempt from value-added tax (VAT).
The agency reportedly provided the clarification to a local cryptocurrency mining company, in an official ruling document.
There is also no income tax on cryptocurrency earnings in the country, per the report.
Do good work, earn a "badger" - that's the idea behind a new incentive launched by Microsoft and blockchain gaming project Enjin.
Cointelegraph has announced the launch of its Cointelegraph Consulting division, which is focused on advancing enterprise blockchain adoption by helping companies understand the potential of blockchain and then matching them with enterprise vendors to implement solutions.
China's Great Firewall, used by the government to regulate access to foreign internet sites, has blocked one of the most popular sources of Ethereum blockchain data.
The Stellar Development Foundation has burned 55 billion of its XLM tokens, over half the cryptocurrency’s supply, CEO Denelle Dixon announced from the stage of the Stellar Meridian conference Monday.
American multinational retail corporation, Walmart, has announced that it would be partnering with Ripple partners, MoneyGram and Ria, to power its Walmart2World money transfer service across its 4,700 stores.