CryptocurrencyFirst-Ever Direct House Sale For Bitcoin In Portugal

First-Ever Direct House Sale For Bitcoin In Portugal



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.



Original Source Link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Luxury home sales continue to rise

According to Lyon Real Estate, the first quarter of 2022 saw 514 new pending sales locally of luxury...

Garrett Hedlund Impresses Fans With His Abs In Shirtless Mirror Selfie – Hollywood Life

View gallery Garrett Hedlund, 37, looked fit and happy in a shirtless, gym selfie he posted to his Instagram...

Here’s everything you need to know about TerraUSD, Tether and other stablecoins

The crypto winter could be claiming more casualties among the stablecoin camp. The depegging of TerraUSD (UST) on...

UK warns Brussels it has ‘no choice but to act’ on Northern Ireland

Liz Truss, UK foreign secretary, warned on Thursday that Britain would have “no choice but to act” after...

Must Read

UK economy shrinks in March as manufacturing and services falter

The UK economy contracted in March, continuing the...

Beijing kicks off fresh round of Covid tests

China's capital Beijing kicked off a fresh round...
- Advertisement -

You might also likeRELATED
Recommended to you