Portuguese Increasingly Excited About Cryptocurrency Trading

Portugal’s Central Bank Director Hélder Rosalino said that he didn’t consider cryptocurrency a currency or legal tender and hinted that the Central Bank of Portugal has a similar position.

His views are in line with many countries around the world, including the US where “a cryptocurrency does not have legal tender status in any jurisdiction.”

The Finance Minister of Portugal Mario Centano, who is also the president of the Eurogroup, said last December that he is looking to European regulatory guidance concerning cryptocurrencies since they are “overseeing the general picture.” The Eurogroup is a group of nineteen finance ministers of EU countries, who meet once a month to talk about major economic and monetary policies that are implemented across the EU. Finance ministers from France, Germany and the UK have proposed that cryptocurrency regulation should be coordinated at a global level with discussions taking center stage at the next upcoming G20 meeting in Buenos Aires, Argentina.

Reference: https://cointelegraph.com/news/why-are-portuguese-increasingly-excited-about-cryptocurrency-trading-expert-blog

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