The post Crypto Regulations in Portugal 2025 appeared first on Coinpedia Fintech News
Portugal used to be a tax haven for crypto users before it established a tax policy on crypto activities. However, Portugal remains one of the crypto-friendly countries, with growing interest in digital assets. Its crypto regulatory landscape has evolved since 2023, when the laws stood closer to the European Union standards. Now, a notable percentage of the Portuguese population owns cryptocurrency due to its legalized framework.
Table of contents
- Crypto Regulations in Portugal
- What the Portuguese Government is Saying About Crypto
- Crypto Tax in Portugal
- Crypto Adoption Rate in Portugal
- Conclusion
- FAQs
Crypto Regulations in Portugal
- 1 July, 2026– MiCAR Transitional Period
The Market in Cryptocurrency Asset Regulation (MiCAR) will be continued in Portugal till next year. Portugal’s authorities have not yet made any statements regarding the length of the transitional period.
- 2018-2025: Beginning of Crypto Regulations
From 2018, Portugal started introducing enhanced versions of crypto regulations in the country to make trading more feasible. Now, the crypto laws in Portugal consist, AML/CFT compliance, tax policies, and digital asset licensing to prevent any illicit activities in the crypto ecosystem.
Date | Law/ Regulation | Details |
2024-2025 | MiCA (EU Regulation) | EU regulation for crypto assets, licensing, and consumer protection |
March 26, 2024 | Worldcoin ban | Temporary ban due to privacy issues |
January 24, 2023 | Bank of Portugal notice no. 1/2023 | AML/ CFT compliance for crypto businesses |
January 1, 2023 | Law no. 24-D/ 2022 | New tax law |
April 13, 2021 | Bank of Portugal notice no. 3/2021 | VASP registration and AML/ CFT compliance |
April 21, 2020 | Digital Transitional Action Plan | Establishes ‘free zones’ for testing crypto technology |
2019 | PTA guidance | Tax-free trading of crypto for individuals |
2018 | EU Directives 2018/843 | Integration of AML/CFT for crypto in Portuguese law |
What the Portuguese Government is Saying About Crypto
Bank Of Portugal (Banko De Portugal):
- Primary authority regulating crypto and overseeing compliance of crypto asset service providers ( CASP) for anti-money laundering (AML) and counter terrorist financing (CTF) purposes.
- Offers a relaxed regulatory environment while maintaining customer protection with KYC aspects for licensing.
Portuguese Securities Market Commission (Comissão do Mercado de Valores Mobiliários- CMVM)
- Supervising CAPs in Portugal under the MiCAR policy from 2024 onward.
- Crypto assets qualified as securities are obliged to register with the CMVM for operating in Portugal.
Crypto Tax in Portugal
3 categories for crypto transactions:
- Capital income– Coins held for more than a year remain tax-free, except for certain security tokens, while crypto assets held for less than a year are subject to 28% capital tax.
- Capital gains income– Income below 200,000 is subject to a tax rate ranging from 14.5% to 53% under category B.
- Self-employment income– Derived from personal engagement in crypto issuance events like mining, staking, etc., is subject to 28% tax.
- Non-resident– Non-residents are taxed at a flat rate of 25% on any Portuguese-sourced income.
Transaction type | Tax rate (residents) | Notes |
Sell crypto (<365 days) | 28% | Capital gains tax |
Sell crypto (>365 days) | 0% | Unless security token/non-EU jurisdiction |
Staking/ Lending/ Airdrop income | 28% | Passive income |
Professional trading/ mining | 14.5%-53% (progressive) | Based on total income |
No resident (PT sources income) | 25% | — |
Crypto Adoption Rate in Portugal
Current adoption rate–
- 12% of the Portuguese population owns crypto assets in 2025, depicting a significant growth from the previous year, which was estimated at around 2.6%.
- Around 3.38 million users, ranking as one of the 14 highest cryptocurrency-adopting countries in the world.
- Penetration rate is 33.15% in Portugal, with growing crypto startups and individual interest.
Revenue in the crypto market
- The cryptocurrency market is projected to reach US$219.4 million in 2025.
- Average revenue per user in Portugal is US$64.9, and it is expected to increase with government-favorable crypto regulations.
Portugal’s government crypto holdings
- No public disclosure yet; policies focus on market stability and consumer protection in the crypto sphere.
Conclusion
Despite its new tax policies, Portugal maintains its crypto-friendly reputation with favorable crypto regulations and efficient customer protection policies. To further enhance this robust framework, the Portuguese government supports various cryptos, like Bitcoin, Ethereum, USDC, Hash, Uniswap, Solana, and Chainlink. While all of these are legalised, Bitcoin and Ethereum are some of the most popular cryptocurrencies in Portugal. If Portugal resolves its remaining grey areas in cryptocurrency, it might become the global crypto leader in the coming days.
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FAQs
Yes, crypto trading and holding are legal in Portugal. The country has established a legalized framework with regulations for AML/CFT compliance and licensing to prevent illicit activities.
Yes, Portugal remains crypto-friendly. Despite new tax laws, it offers favorable regulations, especially for long-term crypto holdings, and strong customer protection, making it attractive for crypto users.
Gains from crypto held less than a year are taxed at 28%. Crypto held over a year is generally tax-exempt. Income from mining/staking is also taxed at 28%.
Approximately 12% of the Portuguese population (3.38 million users) owns crypto in 2025, marking significant growth and placing Portugal among the top 14 crypto-adopting countries globally.
Source: https://coinpedia.org/cryptocurrency-regulation/crypto-regulations-in-portugal-2024/