Cryptocurrency News

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

2022.05.17 06:06

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

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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