CEO Mitchell Amador Explains Why Lisbon Is Immunefi’s Crypto Hub

Portugal has made huge strides over the last year concerning the implementation of new and friendly crypto taxation laws, which is a huge boon to the community and among the most important things they could do to make Portugal a more effective crypto hub. The Portuguese state is actively engaging with the community, primarily through the advocacy non-profit Instituto New Economy, which I co-founded – to show serious skin in the game – and which is backed by companies like Brave, Gnosis, Balancer, Near, and a host of Portuguese institutions like major universities and law firms, to further improve Portugal’s standing in the industry. This includes exciting new work around local MiCA [Markets in Crypto Assets Regulation] implementation, which Portugal has a lot of influence over, and the regulatory side. These are key initiatives for improving Portugal’s attractiveness from a corporate and incorporation perspective. So the trajectory for crypto in Portugal is pretty bright, and it’s easy to see that Portugal is a leader in Europe – and increasingly beyond – due to these factors. And much of that is due to an active and receptive state involvement.