Reprinted from SUPERCASA website
Europe's crypto-village: Portugal's first cryptocurrency investor village
The sea, the unparalleled beauty of the landscapes and the endless beaches are some of the attractions that make the Algarve one of the most desirable destinations in the world. To this already long list of qualities, a new one will soon be added, with the construction of the first crypto-village in Europe, according to NiT.
Didi Taihuttu, one of the world's greatest bitcoin ambassadors, is responsible for the project that will be born in Lagos, where he lives with his wife and three children. The family settled in Portugal after exchanging everything they had for cryptocurrencies in 2017.
If "the environment, the food and the people" were important when it came to settling here, the favorable tax regime in terms of cryptocurrencies was decisive. Portugal "has the perfect ingredients to be the bitcoin country", since it doesn't tax digital currency.
The Dutchman even assumed he is moving his investment base to national soil. "Our plan is to make the country the number one place in the world for anyone who wants to work with bitcoin. And if Portugal is smart, it will let this happen," he says.
Taihuttu revealed he knows "many 'players' in the bitcoin market who are in Portugal because of the friendly tax policies" - and also the "climate," of course - so he challenges the government to "create an economy that accepts bitcoin." Following that path, "in the future, it could be one of the richest countries."
In defense of his financial interests, he left the warning: "if they start taxing digital currency, they will drive out the bitcoin 'players' and will stop their financial growth."
Self-sustaining, the new venture will start with 25 homes. The goal is that "people with 'bitcoin mindset'" can live there and also "to educate Portuguese children, preparing them to have more knowledge in topics such as 'blockchain' and crypto," he said. At the moment, he is "negotiating several pieces of land, but the problem is that in Portugal this is very bureaucratic," he concluded.