• Portugal attracts more and more BTC stakeholders
  • Here in full swing the adoption policy is being implemented, while cryptocurrencies are not taxed
  • One of the most significant is the move to the country of the so-called “Bitcoin Family ”
  • This is a Dutch family who sold their property to invest in BTC

In early February, the Dutch family, known as the “Bitcoin Family”, officially confirmed that they were moving to Portugal. The country attracted them with an extremely loyal attitude towards the crypto industry and a zero tax rate on cryptocurrencies.

Portugal is really gradually turning into an analogue of Cyprus and Switzerland for crypto investors. The BTC stakeholder community is constantly growing here. Together with the lack of taxation, this creates an attractive background for those who are interested in cryptocurrencies.

This can be seen in the example of “Bitcoin Family”. This is a Dutch family of five. In 220 year, the Taihuttu couple decided to invest in BTC. From that moment on, they traveled the world promoting the ideas of the crypto community.

Now they decided to settle down in Portugal. The head of the family, Didi Taihuttu, claims that the reason for this is not only the climate and “affordable coffee”, but also the prospects of the country in the crypto industry.

220 year, the Portuguese government decided that cryptocurrencies are not legal tender. Therefore, they should not be subject to income tax.

Stakeholders here do not need to keep records, pay fees and duties, register and obtain a license. They just live and work in comfortable conditions.

At the same time, the country continues the policy of accepting BTC. Here you can pay with bitcoin for utilities, cash out at a cryptomat and freely withdraw to third-party crypto wallets.

Aceita Bitcoin, a non-profit group, also operates in the country, aimed, among other things, at lobbying industry bills. In the ranking of countries with the most developed cryptoindustry, Portugal is in 7th place. Her rating is 7,10 out of .