Home Bitcoin101 First-Ever Direct House Sale For Bitcoin In Portugal

First-Ever Direct House Sale For Bitcoin In Portugal

by Valhalla Team
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portugal clarifies its bitcoin tax code

An apartment in Braga, Portugal was sold for 3 BTC on Thursday in the first-ever real estate sale directly and entirely made in bitcoin, local news outlet Idealista reported.

The feat was possible thanks to new rules that became effective last month setting the directives as to how owners and real estate agents could sell properties for cryptocurrency directly. Before the rules, someone buying a house with bitcoin in Portugal had to first convert it to euros at the time of purchase in order to do the transaction and receive the house deed.

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