Lisbon is a major European crypto startup hub. Since 2023 Portugal taxes crypto gains on assets held under 365 days at 28% while exempting longer holdings. MiCA has applied since 30 December 2024, with Banco de Portugal and the CMVM designated as competent authorities by Law No. 69/2025.
| Status | crypto_friendly |
| Risk Score | 15/100 (Low Risk) |
| Region | europe |
| Currency | EUR |
| Capital Gains (Personal) | 28% flat (short-term, <365 days, Category G); 0% exempt (long-term, >365 days) for personal investors not dealing with tax havens |
| Capital Gains (Corporate) | 19% IRC (2026) plus municipal surcharge up to 1.5% and state surcharge on large profits |
| VAT on Crypto | No |
| Staking Tax | Category E (investment/capital income) at 28% flat rate for occasional staking rewards; Category B (progressive) if staking is a professional/regular activity. Taxation deferred until conversion to fiat if received in crypto-assets. |
| Airdrop Tax | No specific guidance |
Individuals' gains on crypto-assets held for less than 365 days are taxed at 28% (or optionally at progressive rates); gains on assets held 365 days or more are exempt, except where the counterparty is in a blacklisted jurisdiction. Professional or business crypto income is taxed as business income. Companies pay 19% IRC in 2026 plus surcharges.
| Required | Yes |
| Regulator | Banco de Portugal (BdP), CASP authorization, stablecoin (ART/EMT) supervision, prudential oversight; CMVM, market conduct, non-stablecoin crypto-assets, market abuse |
| Framework | MiCA (Regulation EU 2023/1114) + Law 69/2025 (MiCAR implementation) + Law 70/2025 (TFR implementation) + Law 83/2017 (AML/CFT, amended) |
No significant enforcement actions reported; jurisdiction actively encourages crypto business
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | Yes |
| FATF Status | compliant |
| FATF Body | FATF |
| Suspicious-Activity Reporting | Yes |
Status: Legal
No specific DeFi regulation; generally permissive environment
Status: regulated
Stablecoins fully regulated under MiCA framework transposed into Portuguese law (Law 69/2025). ARTs and EMTs require BdP authorization/registration. No specific stablecoin framework existed prior to MiCA.
Status: no_rules
No specific NFT regulation; generally permitted
| Legal | Yes |
| Electricity Cost | $0.15/kWh |
| Renewable Energy | 30% |
| Infrastructure | good |
Mining is legal with moderate electricity costs and a temperate climate favorable for cooling. Infrastructure for data centers and internet is good, supporting mining operations.
| Stability | stable |
| Sanctions | No |
| Corruption Index | 62/100 |
| Banking Access | open |
| Sanctions Program Active | Yes |
Risk Factors
Portugal is politically stable with no international sanctions. Corruption levels are moderate with a CPI of 62. The business environment is favorable, internet freedom is high, and banking access for crypto companies is open. Some capital controls may pose minor risks.
Lisbon is a major European crypto startup hub. Since 2023 Portugal taxes crypto gains on assets held under 365 days at 28% while exempting longer holdings. MiCA has applied since 30 December 2024, with Banco de Portugal and the CMVM designated as competent authorities by Law No. 69/2025.
Lisbon is classified by FATF as: compliant.
Yes, licensing is required for VASPs.
KYC is mandatory for crypto businesses.
Soken combines Web3 security engineering and crypto-legal counsel: two specialised tracks, one team. Pick the side that matches your need.
VASP licensing, jurisdiction analysis, AML/KYC, legal opinions, company registration and banking access.
Explore Legal Services → IT & SecuritySmart-contract audits, penetration testing, Web3 development, AI/LLM security audits.
Explore IT Services →Last reviewed: 2026-10-02 · Data source: Soken Crypto Legal Map
← Back to Crypto Map