The crypto industry has seen tremendous growth in the past few years. It took less than four years for cryptocurrencies and blockchain technology to go from a niche industry to a global powerhouse able to move markets and shape regulation. It’s safe to say that the opportunities that arose from this growth changed the world,…
Banks in Portugal are closing the accounts of crypto exchanges in what seems to be a u-turn in the country’s pro-crypto policies, Bloomberg News reported on August 3. One of the biggest exchanges in the country, CriptoLoja, saw its accounts with two banks, Banco Santander and Banco Comercial Portugues, closed last week. Before that, other…
A Barclays report has revealed that crypto investors might not be paying their full taxes to the Internal Revenue Service (IRS), saying that the tax gap for crypto traders could be up to $50 billion, CNBC reported. The tax gap is the difference between tax owed and tax collected. Barclays arrived at this calculation using…
Portugal has seen a significant increase in the number of foreign residents, with some estimates showing that the number has increased over 40% in the past decade alone. And while the country’s mild climate, low cost of living, and growing expat community are all a plus, it’s Portugual’s 0% tax on cryptocurrencies that has made…