Portugal to lose crypto tax haven status as state announces gains duties

Cointelegraph

Published May 16, 2022 09:16PM ET

Updated May 16, 2022 11:00PM ET

To the chagrin of many Golden Visa (NYSE:V) seekers, Portuguese Finance Minister Fernando Medina has confirmed that his country will begin taxing cryptocurrency but has not committed to a date.

The move to start taxing crypto was seconded by Secretary of State for Tax Affairs António Mendonça Mendes on May 13 according to Sapo, a local news outlet.

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