First-Ever Direct House Sale For Bitcoin In Portugal

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An apart­ment in Bra­ga, Por­tu­gal was sold for 3 BTC on Thurs­day in the first-ever real estate sale direct­ly and entire­ly made in bit­coin, local news out­let Ide­al­ista reported.

The feat was pos­si­ble thanks to new rules that became effec­tive last month set­ting the direc­tives as to how own­ers and real estate agents could sell prop­er­ties for cryp­tocur­ren­cy direct­ly. Before the rules, some­one buy­ing a house with bit­coin in Por­tu­gal had to first con­vert it to euros at the time of pur­chase in order to do the trans­ac­tion and receive the house deed.

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