Portugal’s parliament, Assembleia da República, has rejected two bills that sought to tax cryptocurrencies. Livre and Bloco, two Portuguese left-wing parties, proposed the bills. However, both parties had little representation in Congress. The ruling Socialist Party, which holds the majority of seats in the legislative assembly, has not yet submitted any bill. This news comes on the heels of Portugal’s Minister of Finance, Fernando Medina, announcing that cryptos will be subject to taxation soon. Explaining the need for crypto taxation,…
Tag: Green Solutions
Crypto Sustainability and Green Solutions at COP26
It is no secret that cryptocurrencies come with a significantly high carbon footprint. Today, cryptocurrencies are more mainstream than ever and even regulate different markets. So, crypto issuers are surely researching how to cut back the energy costs. In 2021, cryptocurrency mining will turn to renewable energy use. In fact, using this type of energy would accelerate crypto adoption in many countries. During the 2021 COP26 summit, many crypto experts analyzed sustainable crypto initiatives that made the crypto news. Long-term…
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