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: Oracles
Why the Cryptomarket Needs Chainlink Oracles Now
There’s been a lot of talk surrounding the capabilities and functionality of Chainlink lately. This revolutionary protocol seeks to eliminate many of the most common issues encountered by oracles today. Consequently, Chainlink has the potential to revolutionize the sector. What are Oracles? Oracles are third-party sensors that can trigger smart contracts. Importantly, these sensors do not live on the blockchain. Instead, they function as intermediaries. Specifically, oracles translate off-chain data to smart contracts on the blockchain and back again. For…
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