Portugal

Yet the Portuguese government may throw a wrench in the countrys status as a crypto hub. In May, Fernando Medina, the finance minister, said the government ...

“You prove that it is possible to run some part of the world, even if it’s just one,” said Taihuttu, with a Jack Daniel’s and Coke in hand. Roessler was concerned about the drop in crypto values but said he was convinced the market would rebound. They had made enough from investing in ether and other cryptocurrencies over the past few years to pay for their travels, she said. He had come to the bar to learn from others who had made the move. He first invested in bitcoin in 2014 and, more recently, sold a small rental apartment in Germany to invest even more. In May, Fernando Medina, the finance minister, said the government was considering taxing crypto earnings like regular income and “intends to legislate on this matter.” A decision could come next month when Portugal releases its annual budget. For now, Portugal remains popular with the optimists and amateur traders who are trying to use their crypto investments to travel and live without a traditional job. A documentary film crew has followed him on and off for the past 18 months. At the time, the price of a single bitcoin was about $900, versus about $19,000 today. He said his crypto holdings were down about 80% from the peak but added, “I’m investing more.” Vanguard Properties, a real estate company in Portugal, said it had sold at least 10 luxury homes to “crypto families” since last year. Their buoyancy and cheer endure across Portugal and in other crypto hubs around the world, such as Puerto