#CryptoCrap - 1/ Portugal’s biggest banks are shutting down banking facilities for crypto exchanges, operating in what’s become a crypto ‘Wild West’, driven by Portugal’s(until 3 months ago) tax free status for crypto & ‘few questions asked’ use in property/other major purchases. 
2/ (euronews.com/next/2022/05/1…). It’s rumoured enormous volumes of crypto of Ukrainian/Russian origin have passed through Portuguese crypto ops & it’s banking system. Portugal’s former ‘tax free’ crypto-crappery & lax #MoneyLaundering rules have attracted in particular …
3/ satellite Ukrainian crypto, support, & software ops - some with a dubious pedigree. Even crypto aficionados from neighboring Spain, which shares a similar climate, started crossing the border into Portugal after their government last year made it mandatory for …
4/4 Spanish citizens to declare their crypto holdings in an effort to combat tax fraud. While Portugal is a welcome refuge for many Ukrainians, language barriers (unlike in the UK) are a major obstacle.
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