New rules for buying real estate in Portugal with cryptocurrency.

New rules regarding the purchase of real estate in Portugal for cryptocurrencies are due to come into force next week. According to an idealista/news source, in Portugal, interest in buying real estate for cryptocurrencies has increased primarily among foreign investors. This is due to the fact that the country is seen abroad as a "tax haven" for cryptocurrency businesses. However, the rules will begin to tighten as early as next week. The Order of Notaries (ON) is preparing a regulation that will provide clear instructions to notaries on how to draft documents for buying and selling real estate for cryptocurrencies. They will also be alert to possible suspicions of money laundering.

Buying real estate for cryptocurrencies is not a new topic. But, starting next week, it can be done differently.

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