Portugal Emerges as a New Crypto Investment Haven
A groundbreaking tax policy is reshaping the European cryptocurrency landscape. The Portuguese government has officially announced that individuals holding Bitcoin for over 12 months will no longer pay capital gains tax upon sale or exchange.
The Economic Strategy Behind the Move
This reform is no accident—it's a strategic move to attract global digital asset talent and capital. By reducing the tax burden on long-term investors, Lisbon aims to position the country as a top destination for crypto wealth and innovation.
- Tax exemption applies only after 12+ months of holding
- Covers individual investors, not commercial traders
- Applies primarily to major cryptocurrencies like Bitcoin
The policy highlights Portugal’s progressive stance on financial innovation. With lower taxes compared to neighboring European nations, the country is expected to draw a surge of digital nomads, blockchain entrepreneurs, and high-net-worth individuals seeking favorable regulatory conditions.