Lisbon Has Become A Safe Haven For Cryptocurrency Refugees
Maria Yarotska – a citizen from Ukraine – moved towards Lisbon to evade the war initiated in the country and remain employed. NEAR, a blockchain firm with a co-founder from Ukraine is the employer of Yarotska. The platform has recently organized an office in the westernmost country of Europe, Portugal. The venue has turned into a supporter of refugees from Ukraine who are leaving the country due to Russia’s invasion of Ukraine. Yarotska, after moving to Lisbon, considers the place to be her home.
Portugal as a safe heaven for Yarotska
She states that many of her colleagues are with her and they will assist her in preparing legal documents for her stay there. Among several western European nations is Portugal which offers refuge to the migrated Ukrainians, however, the crypto industry-related workers are also getting increasingly attracted toward the country as it has been considered as a crypto hub with no implementation of taxes over the gains from digital currency.
Crypto enthusiasts have also been moved by the mild temperatures, affordable homes, as well as the rich community of Ukraine. Since the attack of Russia on Ukraine, up to 13,000 citizens, who fled Ukraine because of the catastrophe brought by the war, were welcomed by Portugal. The country has provided significant ease to the migrants by speeding up the entry procedures for them.
The software developer says a large market runs in Portugal
It has been mentioned by the Immigration and Border Services of Portugal that the cumulative number of Ukrainian citizens entering Portugal is 40,000 and thus Ukraine turned into the third-biggest country having such a huge number of expatriates after the British and Brazilian contingents. Valentin Sotov – a software developer (who exited his country with having only a laptop and backpack), considers that a metaverse game (which is based on crypto) named Amber is being developed by him.
He added that Portugal provides huge opportunities for the products related to IT as there are numerous people related to the field. A yearly Web Summit is additionally conducted on the behalf of Portugal along with some informal convocations that debate over the latest crypto subjects. The entrepreneurs from Portugal have established a few little private crypto ventures worth more than $1 billion. While it seems that Ukrainians will take some time to feel at home in Portugal, a home, as well as a school for the educations of her daughter, have already by chosen by Yarotska.
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