Bitcoin Around the World: Portugal

LONDON (InsideBitcoins) – Every nationality exhibits one or two tell-tale idiosyncrasies that form part of the cultural norms of the society from which they originate. The Portuguese for example are renowned for their careful analysis of any given situation; where some act and then think, the people of Portugal always seems to think, consider the consequences, and only then act.
The country’s first Bitcoin ATM was not installed until October of last year, the same month in which the country’s central bank warned that bitcoin was ‘unsafe.’ Such sentiments are familiar to all who take interest in bitcoin’s well being but the bank’s warning came, predictably enough, somewhat late in the day.
Vocal, influential and affluent
Which is not to say that Portugal is indecisive. Portugal is a small country but vocal, influential and affluent. An EU member since 1986 and a Eurozone member since 1991, Portugal remains a senior partner in the EU, though one whose voice is naturally subsumed at times by its larger and more influential neighbor to the east, Spain.

This post was published at Inside Bitcoins on Feb 4, 2015.

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