House in Portugal sold for 3 bitcoins
The first ever such purchase of real estate in the country was made without converting cryptocurrency into fiat money
08.05.2022 - 08:00
446
1 min
0
What’s new? On May 5, it became known that real estate in Portugal was sold for bitcoins without conversion into fiat money. The country’s first such transaction amounted to 3 BTC ($108 204 as of May 7). The transaction was facilitated by the real estate company Zome, the legal firm Antas da Cunha Ecija, Portugal’s Chairman of Notaries, and Swiss crypto partners. According to the local news outlet Idealista, the T3 apartment was bought in the city of Braga.
Details of the deal. Until last month, to purchase real estate using cryptocurrency, buyers had to first convert their assets into euros. Recently, it has been possible to legally carry out sales and purchases using digital assets in Portugal without converting them into fiat currency. Such transactions require additional information: information about the payer’s bank account, crypto wallet address, details of the parties to the transaction, as well as confirmation of the crypto transaction.
What events happened before? In February 2022, La Haus, a Colombian real estate company, closed a deal to sell an apartment for bitcoins. The total value of the property was $98 000, meaning the buyer would pay approximately 2,45 BTC. In the same month, the first real estate purchase for bitcoins took place in Chile
Useful material?
Telegram 
Twitter Market
It is no longer possible to issue additional coins after this action
Dec 1, 2023
Crypto regulations
One such company is Tether, registered in the British Virgin Islands
Nov 30, 2023
Incidents
Funds from the largest hacks of crypto projects have passed through the service
Nov 30, 2023
Crypto regulations
In 18 months, the exchange’s representatives have failed to get an answer from officials about the principle on which they categorize cryptocurrencies as securities
Nov 30, 2023
Trends
BTC, ETH, SOL, and LINK trading are already available to users
Nov 29, 2023
Incidents
Earlier, the court banned the businessman from leaving the United States before sentencing for sanctions violations and AML violations
Nov 29, 2023
Cryptocurrency rates
-
Bitcoin
$39 512
BTC
+1.82%
-
Ethereum
$2 169.53
ETH
+3.52%
-
BNB Smart Chain
$230.38
BSC
+0.87%
-
Ripple
$0.621283
XRP
+1.46%
-
Cardano
$0.399495
ADA
+3.82%
-
Dogecoin
$0.086815
DOGE
+3%
-
Polkadot
$5.6
DOT
+2.36%
-
Litecoin
$72.7
LTC
+1.28%
-
Bitcoin Cash
$230.87
BCH
+2.29%
-
Stellar XLM
$0.122341
XLM
+2.23%