Ripple is expanding its digital payments service in Brazil, partnering with Mercado Bitcoin to offer faster, cheaper cross-border transactions. This move positions Ripple Payments as a key player in the region’s crypto landscape, helping businesses move funds 24/7. With plans to streamline treasury operations between Brazil and Portugal, the service also aims to benefit corporate…
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The National Data Protection Commission (CNPD) of Portugal took decisive action on March 26 to safeguard personal data protection, particularly for minors, by temporarily banning Worldcoin. In response to concerns raised by numerous complaints, the CNPD issued a temporary 90-day restriction on Worldcoin’s biometric data collection through its Orb devices within Portugal on Tuesday. CNPD…
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Using Web3 and NFTs to create another slate of millionaires isn’t a good use of the technology, says EndeavourXR CEO Amy Peck. The crypto industry should focus on building blockchain-based solutions everybody can benefit from instead of launching cash grabs for brands, says Amy Peck, CEO of tech-focused consulting firm EndeavourXR. Peck told Cointelegraph at…
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Mário Centeno praised the European Union’s first comprehensive crypto framework, MiCA, but insisted on further international consolidation of regulatory efforts. Mário Centeno, the governor of Banco de Portugal, joins a chorus of regulators claiming that national efforts to oversee crypto wouldn’t work correctly without a global framework. A section of Mário Centeno’s speech. Source: Publicnow.com In his…
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Two Portuguese citizens have lost over $312,000 to crypto scammers, with police claiming that more people are falling victim to crypto fraudsters. Per CM-TV, the two individuals hail from Cantanhede, in Portugal’s Coimbra District. The duo appear to have been promised they could expect “quick profits” by “staking” coins on a platform. One of the…
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Portuguese capital takes the top spot among the world’s most important crypto hubs – ahead of New York, Berlin, and Paris, according to a report by European crypto investment firm Greenfield. The company argued that, while there are multiple reports on global crypto development, regional reports are still scarce. Therefore, Greenfield conducted a survey from…
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A recent study indicates that Spain is one of the hottest countries regarding real estate offerings that can be paid with cryptocurrency. The report, prepared by Forex Suggest, found that Spain is the country with the most properties available for crypto, followed by Thailand, Portugal, and the UAE.
Spain Ranks First Among Countries With…
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Cybercrime has “skyrocketed” in Portugal – with crypto scams and ransomware attacks becoming more commonplace in the nation. Sapo reported that, per the nation’s Attorney-General, 2,124 cybercrimes were reported in 2022. The number included an unspecified number of crypto scams. The amount of cybercrimes reported in 2019, by contrast, was just 193. That number grew…
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Italy’s parliament has approved a proposal for a 26% tax on crypto gains above 2,000 euros ($2,110). In addition to bringing a hefty tax on crypto gains, the new law also introduces incentives for taxpayers to report their crypto. Under the law, crypto owners are entitled to an amnesty for unreported gains achieved in previous…
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The Italian Parliament has introduced a 26% capital tax on cryptocurrency gains as part of the 2023 budget law, which was approved on Dec. 29. The document also offers incentives for taxpayers to declare their cryptocurrency holdings, proposing a 3.5% aliquot for undeclared cryptocurrencies held before Dec. 31, 2021, and a 0.5% fine for each…
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