Portuguese Congress Rejects Two Bills Aimed At Taxing Cryptos, Bitcoin Falls

The price of Bitcoin fell by 1.62 per cent in the last 24 hours, while Ethereum was down by 6.95 per cen

The Assembleia da Repblica, Portugal’s Congress, rejected two pieces of legislation attempting to tax cryptocurrencies, on Wednesday. The legislation was introduced by Livre and Bloco, two left-wing parties with limited presence in the Portuguese Congress, according to local news outlet Sapo.

Elsewhere, CoinDCX, a cryptocurrency exchange, announced the debut of its new crypto yield program, “Earn,” on Thursday, a new option for its users to put their crypto to work and earn income on their idle crypto assets.

The ‘Earn’ function, according to the firm, is now one of the most competitive goods in the industry. Aside from industry-leading rates, CoinDCX’s ‘Earn’ feature provides users with complete flexibility and control over their crypto assets, with no lock-in periods and withdrawals available at any time.

“When users opt in to ‘Earn’ with CoinDCX, It works with large institutional borrowers, third party lending partners, and staking platforms to generate yield on their crypto/digital assets,” CoinDCX said in a statement.