In Portugal, there are already several deals for buying and selling houses in cryptocurrencies. Most take place south of the Tagus, namely in Lisbon and the Algarve, according to data revealed by the Ordem dos Notarios.

Bitcoin or ethereum were the two cryptocurrencies used as a means of payment in real estate transactions, the publication also indicates.

But seven deeds were also refused, for various reasons: lack of compliance with the requirements regarding the prevention of money laundering; lack of technological knowledge to carry out the transaction; or doubts about tax rules to be applied.

“The numbers reflect that there are people willing to do business with cryptocurrencies, but that there is also a lot of work to be done in order to have a clearer and more global legislative framework”, says Jorge Batista da Silva, president of the Ordem dos Notarios.