FREEBTCTAP - Free Bitcoin Knowledge Tap In!
  • Crypto Currency News
  • Home
    • Bitcoin 101 Books
    • Bitcoin Creator
  • Crypto Gold
  • Crypto Stories
  • Crypto Currency - Tips And News
  • FreeBtcTap - Nice Hash
  • FreeBTCTap - CryptoTab Real Free Bitcoin Miner
  • FreeBTCTap - What’s FreeBitCo.in
  • Contact
  • Privacy Policy
  • Terms And Conditions
  • About Us
  • Crypto Currency News
  • Home
    • Bitcoin 101 Books
    • Bitcoin Creator
  • Crypto Gold
  • Crypto Stories
  • Crypto Currency - Tips And News
  • FreeBtcTap - Nice Hash
  • FreeBTCTap - CryptoTab Real Free Bitcoin Miner
  • FreeBTCTap - What’s FreeBitCo.in
  • Contact
  • Privacy Policy
  • Terms And Conditions
  • About Us

An Apartment Was Bought For 3 Bitcoins In Braga, Portugal!

5/10/2022

0 Comments

 
Picture
Prior to making a payment to a vendor, the coins had to be changed to euros. Real estate acquisitions can now be conducted entirely in cryptocurrency, with digital currency being traded for property rights. 

To comply with anti-money laundering regulations, certain procedures must be followed when conducting such sales. Before the coins are transferred, the source of the fiat cash—a bank account—with which the digital assets were purchased must be specified, as well as the public address of the crypto wallet. 

A three-room (two-bedroom) apartment in Braga, Portugal, was purchased entirely with bitcoin, with no exchange to fiat cash.

The new owner paid 3 bitcoins (BTC) for the house, which was worth roughly 110,000 euros at the time.

​The title document was transferred this past Thursday, May 5, in Porto's Póvoa de Varzim district, according to the business news website Idealista. 

Real estate agent Zome, law company Antas da Cunha Ecija, and partners from Switzerland's Crypto Valley assisted with the transaction. The President of the Portuguese Chamber of Notaries was also present. 

In Portugal, thanks to a new provision recently established by the Order of Notaries, buying property directly with bitcoin is now allowed.
0 Comments



Leave a Reply.

    RSS Feed


    NordVPN 2-years plan with 70% off for only $3.49/mo (30 days risk-free. Not satisfied? Get your money back, no questions asked.)

    Archives

    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    November 2021
    October 2021
    September 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020

    Categories

    All
    Altcoins
    Bakkt’s Exchange
    Bangladesh Crypto Currency News
    Bitcoin News
    Bitcoin Wallet
    Crypto Currencies And Rappers
    Crypto Currency Exchange
    Crypto Currency News
    Crypto Currency Politics
    Crypto Price Prediction
    Crypto Staking
    Crypto Taxes
    Elon Musk
    Ethereum
    Federal Reserve
    Ira Platform
    MeMe Crypto
    Metaverse
    Mining’s Rig
    NFT
    Nigeria Crypto Currency News
    PayPal
    Prophet Muhammad Crypto Currency
    Reddit News
    Robinhood
    Short Articles
    Stablecoin
    Staff Picks
    Vietnam Crypto Currency News

    RSS Feed