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No Tax for You: Why Crypto Traders and Miners Might Head to Portugal

Published 03/28/2020, 08:41 AM
Updated 03/28/2020, 10:20 AM
No Tax for You: Why Crypto Traders and Miners Might Head to Portugal

Existing outside of the realm of traditional finance and with no central point of authority, digital assets have posed several challenges to governments worldwide. Many nations have struggled with how to define and regulate cryptocurrencies, and there is no uniformity because each country has developed its own unique approach.

Data and transparency seem to be some of the best tools on the road to regulatory certainty and institutional demand. While some countries like the United States and the United Kingdom are taking advantage of this to build a better tax and regulatory framework, others don’t deal with crypto quite as well. India, for example, just recently decided to lift its crypto ban and engage with the sector.

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