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Benzinga
Benzinga
Business
Murtuza Merchant

Portugese Parliament Rejects Proposal To Tax cryptos

Crypto Portugal Bitcoin Socialist Party

The Portugal Parliament has rejected a proposal presented by Livre and Bloco, two left-wing parties to tax Bitcoin (CRYPTO: BTC) and other cryptocurrencies.

The Bill presented by the two parties, which have little representation in the Portuguese Congress, sought to tax crypto profits in excess of €5,000 ($5,340.45).

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