Portuguese Parliament to Discuss Cryptocurrency Payment Regulations

Portugal’s parliament is set to discuss cryptocurrency payment regulations this week, with the goal of adopting a new legal framework for cryptocurrency payment services, while guaranteeing users’ safety using these services.

According to local news outlet Jornal de Negócios, applicable sanctions and the issuance of digital currencies – presumably initial coin offerings (ICOs) – will also be discussed. The government will reportedly discuss cryptocurrencies so new payment services can emerge in the market, while ensuring users can choose between safe, cost-effective options.

Per the Portuguese government, regulations will allow cryptocurrency-related services to expand within the country, which will benefit consumers by promoting competition, while ensuring safety and transparency in “the issuance of cryptocurrencies.”

Reference: https://www.ccn.com/portuguese-parliament-to-discuss-cryptocurrency-payment-regulations/

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