Portugal will open the first store for buying and selling bitcoin

Spanish startup BITBase will open on January 24 the first physical store for buying and selling cryptocurrencies in Portugal.

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Byaccording to the digital newspaper ECO, this is the first of twostores that will be opened in this country in parallel with the installation of several cryptocurrency ATMs. As for Spain itself, here the company has already opened 25 such stores and installed 149 ATMs in 15 cities.

The opening of the next store in Portugal is announced in the city of Porto, the exact date has not yet been announced. Both stores will operate on a franchising model.

At the current moment in Portugal there is nolegal and regulatory framework for trading cryptocurrencies. Despite the existence of a bill on the regulation and punishment for this activity, it has not yet been discussed in the parliament of the country.

The country's regulators, including the Securities Market Commission and the Bank of Portugal, have previously warned about the risks of trading cryptocurrencies without state control.

Recently, the Commission stated that crypto assetsrepresent one of the most dangerous risks for investors, since they are "for the most part outside the regulatory framework." In addition to this, their volatility and lack of rules protecting the investor from fraud were mentioned.

On the company's website it is noted that in order tobecppepyatctvenno znakomit potentsialnyx klientov c otpaclyu and pomogat them delat pepvye shagi in kpiptomipe have BitBase will treasure cpetsializipovannaya komanda, kotopaya budet za otvechat okazanie pomoschi in pokupke and ppodazhe kpiptovalyut.

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