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🚀 Portugal, the Land of Port Wine and Tax Free Crypto 🍷
| | | | | | ☸️ Dharma Announces Closed Beta for Version 2 Platform
Crypto lending and borrowing firm Dharma has announced the start of a closed beta for a new version of its platform.
Dharma has partnered with lending protocol Compound and will reportedly use its protocol as infrastructure for the new platform.
The company plans to open up the beta within weeks for further testing.
Dharma also announced a number of new features including a non-custodial and multisig smart wallet, dedicated deposit addresses, and frictionless fiat on-ramps and off-ramps.
| | 🧾 Portugal's tax authority says crypto trading and mining is tax-free
Portugal's Tax and Customs Authority has clarified that cryptocurrency trading and mining are exempt from the Value Added Tax (VAT) in the country. The agency reportedly provided the clarification to a local crypto mining company by publishing an official ruling document. The Portuguese tax authorities also stated that cryptocurrency token transfers were also exempt from the Income Tax for Individuals (IRS).
| | 🖥️ Binance launches Platform for developers, aim to boost adoption
Crypto exchange Binance has launched an initiative for developers, called "Binance X"
The Initiative will be compartmetalized around 3 themes: - "Learn" - an educational resource hub
- "Collaborate" - collaborative channels and discussion forums
- "Grow" - Binance incubator programs
Binance X will also consolidate with the former Binance Fellowship Initiative, becoming the Binance X Fellowship Program.
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