Back to Analyses

Portugal

Retail_Trading_Status

Allowed-Regulated Unknown
Edit
Analysis ID
#426
Version
Latest
Created
2025-06-26 13:06
Workflow Stage
Live

Executive Summary

Retail trading of cryptocurrencies is legally permitted in Portugal but is now subject to a developing regulatory framework. The Bank of Portugal is responsible for registering and supervising virtual asset service providers (VASPs) for AML/CFT purposes, requiring them to comply with KYC and AML regulations. Portugal has implemented a tax regime for crypto-assets since 2023, taxing capital gains from short-term crypto-asset sales. The implementation of the EU's MiCA regulation is underway, which will further shape the regulatory landscape.

Key Pillars

  • Primary regulator: The Bank of Portugal (Banco de Portugal) registers and supervises Virtual Asset Service Providers (VASPs) for AML/CFT purposes.
  • Core compliance requirements: VASPs must comply with KYC (Know Your Customer) and AML requirements, including customer due diligence, transaction monitoring, and reporting suspicious activities.
  • Licensing/Registration: VASPs operating in Portugal must obtain a license from the Bank of Portugal.

Landmark Laws

  • 2023 State Budget: Introduced a tax regime for crypto-assets. Capital gains from the sale of crypto-assets held for less than 365 days are typically taxed at a flat rate of 28%, unless the taxpayer opts to include them in their overall income. Gains from crypto-assets held for more than 365 days remain exempt from personal income tax for individuals, provided the activity is not considered professional.
  • Markets in Crypto-Assets (MiCA) regulation (EU): Aims to create a harmonized regulatory framework for crypto-assets across the EU. Portugal is in the process of transposing these European directives into national law. Entered into force December 30, 2024, and now Member States must transpose into their territories.

Considerations

  • Legal classification: Cryptocurrencies are recognized as digital representations of value or rights that can be electronically transferred and stored; however, they are not considered legal tender in Portugal.
  • Tax treatment: Capital gains from crypto-assets held for less than 365 days are typically taxed at a flat rate of 28%. Gains from crypto-assets held for more than 365 days remain exempt from personal income tax for individuals if the activity is not professional.
  • Risks and Concerns: The CMVM has issued warnings to investors about the risks associated with crypto-assets, including price volatility, potential for fraud, and market manipulation.

Notes

  • Historically, Portugal was considered a crypto-friendly jurisdiction due to the absence of specific taxes on cryptocurrency gains for individuals until the 2023 State Budget.
  • Transactions involving cryptocurrencies, such as real estate purchases, are permissible but are subject to strict AML/KYC checks by notaries, especially for transactions above certain thresholds.
  • The CMVM is preparing for the supervision of crypto-assets regulated by MiCA, coordinating with ESMA, other European supervisory authorities, and the Bank of Portugal.
  • Brokerages operating legally in Portugal must register with the Bank of Portugal to comply with anti-money laundering obligations.

Detailed Explanation

Individual citizens and residents in Portugal are legally permitted to buy, sell, and hold cryptocurrencies. The regulatory environment has evolved significantly, moving from a largely unregulated space to a more defined framework, particularly concerning taxation and anti-money laundering (AML) / countering the financing of terrorism (CFT) obligations. The Bank of Portugal (Banco de Portugal) is responsible for registering and supervising entities that provide services related to virtual assets, such as exchanges and custodian wallet providers, specifically for AML/CFT purposes. This means that Virtual Asset Service Providers (VASPs) operating in Portugal must comply with KYC (Know Your Customer) and AML requirements, including customer due diligence, transaction monitoring, and reporting suspicious activities. Several exchanges have received licenses from the Bank of Portugal to operate. All companies wishing to start activities related to cryptocurrencies in Portugal are classified as VASPs and must obtain a license from the Bank of Portugal before starting their activity; the authority is responsible for enforcing AML/CFT regulations in accordance with EU directives. The Bank of Portugal granted licenses to two cryptocurrency exchanges nine months after the requests.

Historically, Portugal was considered a crypto-friendly jurisdiction, often dubbed a "crypto haven" due to the absence of specific taxes on cryptocurrency gains for individuals unless it constituted a professional or business activity. This changed with the 2023 State Budget, which introduced a clear tax regime for crypto-assets. Capital gains from the sale of crypto-assets held for less than 365 days are now typically taxed at a flat rate of 28%, unless the taxpayer opts to include them in their overall income, subjecting them to progressive tax rates. Gains from crypto-assets held for more than 365 days remain exempt from personal income tax for individuals, provided the activity is not considered professional. Income derived from professional crypto-related activities, such as mining or frequent trading, is taxed as Category B income (business or professional income).

The European Union's Markets in Crypto-Assets (MiCA) regulation, which aims to create a harmonized regulatory framework for crypto-assets across the EU, is in the process of being implemented. Portugal, as an EU member state, is working on transposing these European directives into national law. This is expected to further shape the regulatory landscape, with competencies likely to be distributed between the Bank of Portugal and the Portuguese Securities Market Commission (CMVM). The CMVM has already indicated its preparedness to supervise crypto-assets that fall under MiCA's scope once the national execution diploma is in place. The CMVM is preparing for the supervision of crypto-assets regulated by MiCA, coordinating with ESMA, other European supervisory authorities, and the Bank of Portugal. The CMVM has also issued warnings to investors about the risks associated with crypto-assets, including price volatility, potential for fraud, and market manipulation. The president of the CMVM warns that risks for investors can be in terms of "price evolution mechanisms, the possibility of manipulation, and possible fraud schemes."

While cryptocurrencies are not considered legal tender in Portugal, they are recognized as digital representations of value or rights that can be electronically transferred and stored. Transactions involving cryptocurrencies, such as real estate purchases, are permissible but are subject to strict AML/KYC checks by notaries, especially for transactions above certain thresholds. MiCA entered into force on December 30, 2024, and Member States must transpose it into their territories. Brokerages that want to operate legally in Portugal must register with the Bank of Portugal, complying with anti-money laundering obligations. In summary, retail trading of cryptocurrencies in Portugal is allowed but is now subject to a developing regulatory framework that includes specific tax rules and mandatory AML/KYC compliance for service providers. The upcoming full implementation of MiCA is expected to bring further clarity and investor protection measures.

Summary Points

Here's a bullet-point summary of the provided report on the regulatory status of retail cryptocurrency trading in Portugal, designed for quick and easy comprehension:

Retail Cryptocurrency Trading in Portugal: Regulatory Status (June 2025)

I. General Status:

  • Allowed-Regulated: Individual citizens and residents are legally permitted to buy, sell, and hold cryptocurrencies.
  • The regulatory environment has evolved from largely unregulated to a more defined framework.

II. Key Regulatory Bodies & Roles:

  • Bank of Portugal (Banco de Portugal):
    • Registers and supervises Virtual Asset Service Providers (VASPs) for AML/CFT purposes.
    • Enforces AML/CFT regulations in accordance with EU directives.
    • Grants licenses to cryptocurrency exchanges.
  • Portuguese Securities Market Commission (CMVM):
    • Issues warnings to investors about the risks associated with crypto-assets (price volatility, fraud, market manipulation).
    • Preparing to supervise crypto-assets regulated by MiCA once national execution diploma is in place.
  • EU-level:
    • European Securities and Markets Authority (ESMA) coordinates with CMVM.

III. Important Legislation & Regulations:

  • 2023 State Budget: Introduced a clear tax regime for crypto-assets.
  • EU's Markets in Crypto-Assets (MiCA) Regulation:
    • Aims to create a harmonized regulatory framework for crypto-assets across the EU.
    • Portugal is in the process of transposing MiCA into national law.
    • Expected to bring further clarity and investor protection measures.
  • AML/CFT Regulations: VASPs must comply with these regulations.

IV. Taxation:

  • Capital Gains Tax:
    • Gains from the sale of crypto-assets held for less than 365 days are typically taxed at a flat rate of 28%.
    • Taxpayers can opt to include these gains in their overall income, subjecting them to progressive tax rates.
    • Gains from crypto-assets held for more than 365 days are exempt from personal income tax for individuals, provided the activity is not considered professional.
  • Professional Crypto Activities: Income derived from professional crypto-related activities (e.g., mining, frequent trading) is taxed as Category B income (business or professional income).

V. Requirements for Compliance:

  • For VASPs (Exchanges, Custodian Wallets, etc.):
    • Registration with the Bank of Portugal.
    • Compliance with AML/CFT regulations.
    • KYC (Know Your Customer) requirements: Customer due diligence.
    • Transaction monitoring.
    • Reporting suspicious activities.
  • For Individuals:
    • Accurate reporting of crypto-related income and capital gains for tax purposes.
    • Compliance with AML/KYC checks, especially for large transactions (e.g., real estate purchases).

VI. Notable Restrictions or Limitations:

  • Cryptocurrencies are not considered legal tender in Portugal.
  • Transactions involving cryptocurrencies are subject to strict AML/KYC checks, especially for transactions above certain thresholds.

VII. Recent Developments & Changes:

  • Taxation Changes (2023): Introduction of capital gains tax on crypto-assets held for less than 365 days.
  • MiCA Implementation: Ongoing transposition of MiCA into Portuguese national law.
  • VASP Licensing: The Bank of Portugal has granted licenses to several cryptocurrency exchanges.
  • Regulatory Outlook: Competencies are likely to be distributed between the Bank of Portugal and the CMVM with the full implementation of MiCA.

Full Analysis Report

Report on the Current Status of Retail Trading of Cryptocurrencies in Portugal

Date: 2025-06-26

Topic: Retail_Trading_Status

Description: Assess whether individual citizens and residents in the country are legally permitted to buy, sell, and hold cryptocurrencies. Detail the regulatory environment surrounding this activity (e.g., KYC/AML requirements imposed on platforms, general warnings issued).

Retail_Trading_Status

Status: Allowed-Regulated

Narrative Explanation:

Individual citizens and residents in Portugal are legally permitted to buy, sell, and hold cryptocurrencies. The regulatory environment has evolved significantly, moving from a largely unregulated space to a more defined framework, particularly concerning taxation and anti-money laundering (AML) / countering the financing of terrorism (CFT) obligations.

Historically, Portugal was considered a crypto-friendly jurisdiction, often dubbed a "crypto haven" due to the absence of specific taxes on cryptocurrency gains for individuals unless it constituted a professional or business activity. This changed with the 2023 State Budget, which introduced a clear tax regime for crypto-assets. Capital gains from the sale of crypto-assets held for less than 365 days are now typically taxed at a flat rate of 28%, unless the taxpayer opts to include them in their overall income, subjecting them to progressive tax rates. Gains from crypto-assets held for more than 365 days remain exempt from personal income tax for individuals, provided the activity is not considered professional. Income derived from professional crypto-related activities, such as mining or frequent trading, is taxed as Category B income (business or professional income).

The Bank of Portugal (Banco de Portugal) is responsible for registering and supervising entities that provide services related to virtual assets, such as exchanges and custodian wallet providers, specifically for AML/CFT purposes. This means that Virtual Asset Service Providers (VASPs) operating in Portugal must comply with KYC (Know Your Customer) and AML requirements, including customer due diligence, transaction monitoring, and reporting suspicious activities. Several exchanges have received licenses from the Bank of Portugal to operate.

The European Union's Markets in Crypto-Assets (MiCA) regulation, which aims to create a harmonized regulatory framework for crypto-assets across the EU, is in the process of being implemented. Portugal, as an EU member state, is working on transposing these European directives into national law. This is expected to further shape the regulatory landscape, with competencies likely to be distributed between the Bank of Portugal and the Portuguese Securities Market Commission (CMVM). The CMVM has already indicated its preparedness to supervise crypto-assets that fall under MiCA's scope once the national execution diploma is in place. The CMVM has also issued warnings to investors about the risks associated with crypto-assets, including price volatility, potential for fraud, and market manipulation.

While cryptocurrencies are not considered legal tender in Portugal, they are recognized as digital representations of value or rights that can be electronically transferred and stored. Transactions involving cryptocurrencies, such as real estate purchases, are permissible but are subject to strict AML/KYC checks by notaries, especially for transactions above certain thresholds.

In summary, retail trading of cryptocurrencies in Portugal is allowed but is now subject to a developing regulatory framework that includes specific tax rules and mandatory AML/KYC compliance for service providers. The upcoming full implementation of MiCA is expected to bring further clarity and investor protection measures.

Specific, Relevant Text Excerpts:

  • On Taxation (2023 State Budget and subsequent clarifications):

    • "A partir de 2023, Portugal passou a tributar as mais-valias de criptomoedas a uma taxa de 28%, conforme o Orçamento de Estado aprovado. Anteriormente, apenas eram tributados os contribuintes que realizavam atividade profissional de trading." (As of 2023, Portugal started taxing cryptocurrency capital gains at a rate of 28%, as approved in the State Budget. Previously, only taxpayers engaged in professional trading activities were taxed.) - Source: ICO Bench
    • "A 1 de janeiro de 2023, entrou em vigor em Portugal um novo regime fiscal para criptoativos, que passou a tributar os ganhos de curto prazo, obtidos com a venda de ativos digitais, ao mesmo tempo que recompensa a sua detenção a longo prazo. Assim, se venderes criptoativos que mantiveste por um período inferior a 365 dias, terás de pagar imposto, sendo que o valor a pagar vai depender do teu rendimento coletável. Os ganhos de curto prazo são, por regra, tributados a uma taxa fixa de 28%." (On January 1, 2023, a new tax regime for crypto-assets came into force in Portugal, which began taxing short-term gains from the sale of digital assets, while rewarding their long-term holding. Thus, if you sell crypto-assets held for less than 365 days, you will have to pay tax, and the amount payable will depend on your taxable income. Short-term gains are, as a rule, taxed at a flat rate of 28%.) - Source: Cryptobooks
    • "No entanto, as mais-valias obtidas com a venda de criptomoedas detidas por mais de 365 dias estão isentas de imposto em Portugal." (However, capital gains obtained from the sale of cryptocurrencies held for more than 365 days are exempt from tax in Portugal.) - Source: HelloSafe.pt

  • On AML/KYC Regulation and VASP Registration (Bank of Portugal):

    • "As corretoras que queiram operar de forma legal em Portugal devem registar-se junto do Banco de Portugal, cumprindo obrigações de prevenção de branqueamento de capitais." (Brokerages that want to operate legally in Portugal must register with the Bank of Portugal, complying with anti-money laundering obligations.) - Source: Literacia Financeira
    • "Todas as empresas que pretendam iniciar atividades relacionadas com criptomoedas em Portugal são classificadas como prestadores de serviços de ativos virtuais (VASP), que devem obter uma licença do Banco de Portugal antes de iniciarem a sua atividade. A autoridade é responsável por fazer cumprir os regulamentos ABC/CFT em conformidade com as directivas da UE." (All companies wishing to start activities related to cryptocurrencies in Portugal are classified as virtual asset service providers (VASPs), which must obtain a license from the Bank of Portugal before starting their activity. The authority is responsible for enforcing AML/CFT regulations in accordance with EU directives.) - Source: Regulated United Europe
    • "O Banco de Portugal, banco central português, concedeu licença para duas exchanges de criptomoedas nove meses depois dos pedidos." (The Bank of Portugal, the Portuguese central bank, granted licenses to two cryptocurrency exchanges nine months after the requests.) - Source: Cointelegraph Brasil (citing Bank of Portugal's decision)

  • On MiCA Implementation and Regulatory Outlook:

    • "A CMVM está a preparar-se para a supervisão dos criptoativos regulados pelo MiCA que lhe venha a ser atribuída pelo respetivo diploma nacional de execução, em articulação com a ESMA, com outras autoridades de supervisão europeias e com o Banco de Portugal.” (The CMVM is preparing for the supervision of crypto-assets regulated by MiCA that may be assigned to it by the respective national execution diploma, in coordination with ESMA, other European supervisory authorities, and the Bank of Portugal.) - Source: SAPO Tek
    • "O documento entrou em vigor a 30 de dezembro de 2024 e agora cabe aos Estados-membros concretizarem a transposição para os respetivos territórios. Em Portugal, o Governo deverá publicar o documento ainda em março." (The document [MiCA] entered into force on December 30, 2024, and it is now up to the Member States to implement its transposition into their respective territories. In Portugal, the Government is expected to publish the document in March.) - Source: Expresso Note: Some articles refer to MiCA entering full force on Dec 30, 2024, while others mention gradual implementation through 2024-2025. The core point is its ongoing implementation.

  • On Official Warnings:

    • "Quanto a riscos para os investidores, o presidente da CMVM alerta que podem ser em termos de “mecanismos de evolução dos preços, de poder haver manipulação e de possíveis esquemas de fraudes“." (Regarding risks for investors, the president of the CMVM warns that they can be in terms of "price evolution mechanisms, the possibility of manipulation, and possible fraud schemes.") - Source: Hipoges

Direct URL Links to Sources:

  1. Link to general time information, not directly used for regulatory status.
  2. ICO Bench - Impostos Criptomoedas: Como Calcular e Declarar em Portugal?: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQFO_BVcWDp5JZpr5JZeYA0OdnUCrAuFO961cDMQbt1eCFtgnEZyuo8riYLurgflMT-CvLgN1afkWoH--a2iR_TU9chiPffndRSHStcaFPvcStlfYxi5YOdA7RqeBTtfHAKbgl81XiKtfw==
  3. Cointelegraph Brasil - BC de Portugal concede licença às primeiras corretoras de criptomoedas do país: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQHxlR4CFeGwGEae1w_KnuATDL6Lvahd6FkbXNEmCm-hd-ImPE4Hf0fyyz4yEf6F1nXsMhhRHhTtkFbboOu7Hr8G369oIDq1g9qFsXJ8DXgqz4gAM_-u7xJT25m0LdLVA3zx_eHe8fBHVHGxoOPeVpwXC9CP5--ErnFRzNDfshNht3NxlMHiSB2PSsw17zK7ry2rGp1UMiuc9dLUqDnFsl5hhVVmldKDTQL5AYZo
  4. Dinheiro Vivo - Banco de Portugal atribui licença a duas corretoras de criptomoedas: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQFyew4f63xPFLNyTqt0MSnHnHpFWrx2pR_lZoYqk5UJZqrfRipVkFHsd6M5lupgJodolsRmq-uVRvz6bB2VjoTVErZ9Ko32BmbFZ5VeS30n8ZtKyokAVYOD0MtyAO0i5Bobftwfgql6eGoIWgpmPWWX0pL2kXK51EviY0gUKPj3N1ixdw_jdQfrhXH-ZlMQe2wiXm39ycREbh8fxxo1mf3iW4llDw==
  5. Cryptobooks - Criptomoedas e Impostos: Guia Fiscal Completo (2025): https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQEBYR97DrTdHpZJoCMz-a5mZXA-U9Ow45hKnwzsR9ZHkwoPqIZpzLkJE8hUW_9RNm_rZjenkZkdDMhGDU7MwBC3-pdmag9eGGo--7c00hlKLPM7KTIiuatXAGzdIX9zmjExR5eoZ1synLaNAh188-0wSmvOM9NOhg==
  6. Expresso - Governo responsabiliza CMVM e Banco de Portugal pelo atraso na regulação nacional de criptoativos: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQHOhPxzyTUIc0dRCsGy3MTd0G2lTQXDFW0agEZeZvxjTalq9HXN9mSIAkgCCIfDsb8jsjNvrIisPqNE7lYi9dsLx94u2MhlZ2b5DDct0brN12l0futzJ9PjmDnodfUk-z85XoNx-Uwf51OUubsF-pRUQ1PunJJSCYpHyLWT8rjUyjdZd11DIn4gRg38tLquiXv3IofSx7vdX2BrQAWGOHkl1ze50z7F-54tSVxHCp59nuBSu6N2qh378PkUHLKFkGqxAurhTE0ARkdzEcCL71_L6Iukh7UQe0oAHw==
  7. HelloSafe.pt - Calcule a tributação das criptomoedas em Portugal em 2025: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQGkmxqwdQ1M6Av8uORig-V2FB1OQCrrzCFqloYSacn6bM34u6KNt4lXoJfe15X_YASoPbvsD47Zsy_kgWlJFPb7gwRVMVMeQxchEa7lR-_Jq-y10WF1yU5zamILNescSV0W4yV2Lodbqegtvw==
  8. SAPO Tek - Regulamento de criptomoedas avança na implementação. Em Portugal o MiCA pode transformar o mercado e trazer mais investimento: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQHUDvD1M0HGfVEhXcF_mlSMb5SHEMkoC2QSlats70cPCU4tTe4R_zVazQXMd4g0Szx6j65IX4tYEUrScA6tFssuGDreLmDvqNc9e0dBbx_GvhnXDLqdyAQ2JfoPy6XNH-4llEica0AQ1zphpceUkYqelZHVKi7S8OHmSGebjpKdNJOTeodrIMtEfpehCcGiJ84ScoMcllTUIuEXoNO-dj7A5STf4MeMl_Dwv5l4ZSX-qiwg4HFYsavESZ8z9sD-ZpwKEF5qeCoIjUN8DURcGRo6YzraYuTkjkFNQ9mSql_Sjhw8aycw
  9. Regulated United Europe - Licença de criptografia em Portugal: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQFmPT_ZAHUiQPrIpd9-t8zWmB1NqnWUTrKPGYJu1BPPc-tcq5ly-QFLsQJZ1FUR_J1q2KO7jUt_I2Ilo9W7o44S9vUReKlsaxYHxPcXDZizRyRHPSQYTdIceMIDg-BTar-18KFXbdooyht1PO0R
  10. Dinheiro Vivo - Banco de Portugal e CMVM alertam para os perigos da bitcoin: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQHzrorYGokKQLMFiHIEVeUEvGQfPqJxUzFAScMg2D70R9sEOL5aYQPsHi-D7aJCbUHt53UlVL0YLPBuGtJbwxeiaW-smgQVsUXey84Lk1EAM58atPoeEy1i8a27KwpjrUHW3joMNzPOz04PpnwBZs3O_xY__tp6VHYFsyEw2OQlDa3RTwxhQWJP4S9lVALu0utslwIx5PtIcCzhKIrkjbhca_svLfSOqlC9kNTlGUkH
  11. Gazeta do Povo - Portugal autoriza funcionamento das primeiras exchanges de criptomoedas do país: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQH7Ix-fERIpuQptIVUKMJOauWFPQBYMmGoe8H4KU1ek6Oss0MoYTo8npM3rquHYIvTZfr3aah0ftZ5GNZfd8ydT_Xe8R9zKUAQypSjllVjtC4kV2EDmaDAK6zEH2hXpz3KvQrZRPZ-YQMGYVF81ZXYq-iUVTj9uvBQEUBFOuaXTmq1WHKf_7r0fkeHyvgN8cjrLTxAEtUrb-Rgc7IKlw14QkNHy-stGBYRR21aBD1pIR92aqrIOUOXmSpQJ
  12. Hipoges - Criptoativos em Portugal: O que diz a CMVM?: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQEyJnTFKt1RkLK3nMgdbAamXLR5DvQ_8Q99TD7COcCr2NZnGqPpC1mmZv3J3r2CZ6vhTZSy-A9HSC2FcOJMBBllZKXubAoKiiOt0S7B2Gvaxm_-0jAO_YimmoBg4aTKF--hbtWKdCay0QV5rJrb6i5Xh_vph_YyKa_APo4=
  13. LTA - Blockchain e Criptomoedas em Portugal: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQFPlEkzhDlXr_8-UWc4SOzAHypKTE-KEa85WOYJHq_GmE33d5GvmotLy27snDi61sKLFy1y8g-KDpf5yecM1oHy4pAcJngPhtEDNHl3esHl2AIh73nGB86enCatUWcE-DSqjpWJlte9T1gn8LXwdz4E7Z4pqSIX-V1rE1nd5UL4
  14. Doutor Finanças - Como é feita a tributação de criptoativos?: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQGE2ROWCppRLDpFAV8di9KMuiikxwnP9Ykh9HQcsNrNT2xRbaIGCmHZJSKGcSKqP_j1x-WJlTPJu5lvRzu1SskEgJVbfkV7U1FDc0IARMCtcXfk9Dsj0ENbpt5NoGiJtTb6sNREt7Bq7EvEFf6h4Lls-lh0Z7-XyISB293ZfbyBLvll9pgHSkdC3xruodLxo1gKcMiK
  15. Expresso - O que muda na regulação dos criptoativos? Quatro perguntas e repostas: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQE9A8q2ZU8JH-osKYpvL6eCVWIBMw1fRm8mNbTl0fDQj8eMNRgCMDnpehhTgQCLc93c9MRBS0sk8QqtiaagHvBPX3pYqIB-H2GF_EdokOkNTPmII2oRVnJDs6d9kmh2QxQDl6FEY00MTU_YCsOCS942TZVgeojUfXiw46w4I0MwCM-6c5Tf_Vo9tTKoSvMM2reas4FhFJJWl2AQMilasEv6svKndnYwV7uPDW0g4yzAId3AipSoAFgQ24eyy0Frl5SSifaMboStTce-
  16. Mercado Bitcoin Blog - Criptomoedas Portugal: impostos: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQFcI4wYtBm-X0XGL8waDVhkefRShsHi51m-lwXwDG3Oc-KFD6f0wFUIdHIUuh87doetRmgotbuT3DD8xPybMzBamdJKJLLRuX6bqSUfJyTw-HbGq0IGOnomxYjIFgyzqcb1Cj5dQqREj9mUtKQXydJG_10o-larLRo=
  17. CriptoFacil - Melhores Plataformas Para Investir em Criptomoedas em Portugal: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQH5cnHSS5EIWI4Jde229Zs2kZ2QumrV3YQGKgXoDg495wDhU6rmtw-qItyeAf0mL3Jd-OlboJjkpU_LaXytkDwQbf31KqrW2_n8YPGci31cxIQE5snMQHCXCAE2Dmxaj17RcA-i1eJ4HxiOx2IKCrDiuPauMA88q0bxLpM_o9yFL6Bo-oI=
  18. Literacia Financeira - Melhores corretoras de criptomoedas em Portugal em 2025: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQHJ1Sks9nfoHGPWRmo7vchiZpbiV6imLd4PEeJrXh8TspgP6GMgUvAy2HCh09qAkpym1JaVXF6p0Z9fmZ-y6Y2yWivqduGwLvX42rc3enaqWrPn376LomPm-BNjTTONw_gXDpWjvHUobnq-M6YAm8OE-e_6XKx8n8wDNp4QWS5BA5PACdU35-Rn6NpnDOB-dR66bkFnNnI=
  19. Global Property Guide - Buying Real Estate with Crypto in Portugal: Legal Guide under MiCA & AML: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQEunrhYucfNi2B1sCv2NU2dViDGjtBg3m3HwcCcpj1Gfiuh4ki5PCDHUHWJ3fl05H6GTQL8sKsD8vDD8RpHBvNQB7VzDEZpwrKsLF4zXpN_zzrAbVIQCkotEcu1L6xiz5CwI4pOXO2RkIdJ-PM2A8tQn1sprbln1vuVT5lxjOUV-PWAOJzmxEc9FAKCDPE2RcnU0jDUVM-PWUod4kslw1UZtdpCBnVcJ7H2oMNql2fWqv5KHm9IQRMeYefyimvShIirjt2VnEWHeUUY_ICwVbk=
  20. SIC Notícias - Regras para os criptoativos entram em vigor na União Europeia, mas Portugal nem regulador tem: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQE1vOACzvZT0GqWb8RuC0XX3JSAnWoVaEWWC0ljHqMDmONUBuo5YaoO2Bpv97-oxHBd-kw2k1tmeaYqW4-MOtEDxXC-5tmeJGOGu3dAluF-XhX8Mwsn8PFwjIH_m9o0pfJwIk8Z4bPjUMcF7pevU9nafUgsfE39er3334PzvQ249dak8cMp8DirRBG10tXrU8SoIf0TRwpEEKT1e9Eib8gg3bL2X_eeRJDP5L09RPHS79xrnDwquqxhZVaQVcoTEzuz7M8-Rt_f4vqRMigOXw==
  21. Regulated United Europe - Regulamentação das criptomoedas em Portugal: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQG0D6yaB6Pl5BOmY_puPorbqy-VjV5gobfWgUIrNTy65WDgZC0B4OvLIEBmrwPeBxyfsejt1nSFzQqwgPPxw0Y_QUkrMQTZhQA2btAOVTTmZwr2WzKX4MBu1cMk6OerlhcaI5f84ba6BI_KmGXlWj-qfU9NX08=
  22. Global Legal Insights - Blockchain & Cryptocurrency Laws and Regulations 2025 – Portugal: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQFNLleZsJAF3xSvpXEyCen4k2fa1jW0TAEzXAYuE0pRDd_a1mSJIOpl2vhs_D-Qo5wIXibjNlOHkhsUsBimEZ7vX_XI-q3aSxI6w6_ZG3rg7MMAYQe4WCWbQEXvnt6QuLYtQoJ3eKXZqrjz_CI2szZPdieUzAeqI6xk75Dgwo4gwtB1EoEiEplBHCQCqOZbQkfn0VfWt1rXkxxiaNzNh3mLxJNpVMo=
  23. Nominex.io - Requisitos de verificação KYC/AML: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQH1gNtpWmvsyHp6mXmzfD1W7L2l7EuDM9fA9GABeag5VqsywmsvWgui2GiJhPXSXZ-4t3IJxfgcxhJr1TyXw_h5s6pfULygCw7FR3YPSw3snWXYj2WkkzhgN1Y= (General KYC/AML context, not Portugal-specific legislation)
  24. Expresso - CMVM alerta para riscos de criptoativos, diz que não pode fazer mais, mas acredita que isso vai mudar: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQH1nDDuYLLi7Xe2gYbWdIiOkwNCjHbNphqkLkHXAwlQB8ST7PVExVzEyfFSmjRechFUE7A6yMSShnZ0tMXaKfwrSbJ-r9AyA1mnF5KoRTGj2H5kf7PJKbryTiH_n00NYYE4fYHfB5DXZZklac3ZIlLAO0TiEFtF5_Ki04gfXDJzvxKeIkEN4CvWB_SyFMXYfWtegnkTiFToph-yVVDH2uy-mJ-Mm_tcNfYMSuVxYFXcJ5UzLLSU0W1Ee-NHZgvpze_8t06ymZA=
  25. Banco de Portugal - Crypto currency & CBDC (Presentation): https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQFT_y28rSSDP07itICFqRRsT58nFusO8Q8c7t7frLmhN5HFkbOZhRxbPwzkJx91Ni7x9IkMloQciO8hrXGFEekh1s1jYBaXjEhP53uZYQEMs0qE6DuLL2IOwbQXm16aNAECkHt76htnkEARxw_S3d58vwHfUySFOvfvQmHCw4T1d2de8WOw9KWANFYlcmef_ahj-r86Je_sps0eMvAaBa4P-9Tpg-VB-UrHWwZ4rqo=
  26. Banco de Portugal - Atualização das Regras de Supervisão do Banco de Portugal (Aviso n.º 2/2025): https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQG7ZqogF3kLNqHdGAqleAtYG8wbh24anEgCoDW4mzCG7ocTDkk2EmOmlHZGN_8GoSTTlfhqDEI0SDxLu-_OQH6Z-9CboWLQKNHuO_R4Z318-fe0Cgc1gt-c_FjpdTCfqCALo_Ya5aTFGLnJrfVIeTPzCj5TFbHhbdhLC9g0TltPovTk9K_GASG1ot623ZBCjxBfg8HVuV8rA0WcLNGRwyETugQsPo2wA-C10yDD3W7lOcsESHjC2b4Hnw== (General supervisory update, may not be crypto-specific but indicates ongoing regulatory adjustments)
  27. CEX.IO - Como Comprar Bitcoin com Cartão de Crédito ou Débito em Portugal: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQGkUw54o6YSYbPdNTezNeMNsDwku7kNs2v2_sfNEs69QXWRoVu07Ufb9DNks5mPRWotW9DXuXu8kHhXw6N0y-Dl9t-lc9PXEIjKnfAUuqG6GlM2x51gLhAy (Platform information, not primary regulatory source)
  28. Revista do Ministério Público - A tributação de criptoativos em Portugal (referencing BdP and CMVM communications): https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQFds7b18g54cw1idZ7NWKMa69gBE3SpVmVn6mBnUkYCYwPSaPWG1hfvmL-QIXafx4SzR8zgKAT3ge_0EgJ35oKJqTcTjBvl_pc9wb4df1xGaYNr8u7n31fyu590eVd5bmTCi0INeNS90mqL6TPoYj4WOteXDfvnoKnCClyoMTFnsD93kP1jTemfbAKWR056AA==
  29. Cryptobooks - Prazos fiscais para declaração das tuas criptomoedas | 2025: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQE2CLITb69txNQuwAnb0eP66SVK21Rfx_w1Nt4LqubTQyxfHd8UgUUHOkH13MmH_K1CqeTun0P1WwaIzHecc-BqW-luWfc_cb7cHzAXddh4m6O6rr5Ct2q2WoRf_9o5yw5iMBSFKNT9YCDrMvCFAmWrsjQGBu52nz8d_lY=
  30. CCCLIX - Criptomoedas - aspetos contabilísticos e fiscais: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQF-neCyyOrkyZRNi8oR8Y5qO8VGFh4X_4uwCL0JGc91g9Y5WRS3Oj4XSmnSceyV18j-mRTRB6-qRjFhlfYNh9mPWsQBfASc4SplOBtZ-My_jyd7Ka6BiyfNR1RgAJT3OF8S0-xbAnGQAX1jDSvuFzd8RTbahNBuedo4K745sLREPAT1IIp_qX02MkiP
  31. Banco de Portugal - Comunicado do Banco de Portugal relativo à aplicação do Regulamento Europeu sobre o Mercado de Criptoativos (MiCA): https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQF3PrOVzYPxxJRl5xYOSDbEPoWnHQ5rwTDuGmbGrgYELkVGcOhICWHPfn_YAiVGNtsLZCNDSEX9HcIBjvDQuNNmKaSXKyi-pJZCqYUvG4SD_r0QBx_srFh-W6wKUFpX77cv8cUUNDLNR1lS5X2Gq871gJlc52AzETnCgeEvGPsRa517i84vAgpU7Zv-RvZjpXDsYFMS2lRM_SCcnf-iew99lfgBSje-DvXFLHon2fl6
  32. Caixa Geral de Depósitos - Vai comprar criptomoedas? Os 10 mandamentos a conhecer: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQFev8y3xYN36PsxCiKzop5IHBWEVx7iBv-gwL-nBdY4UwCf8CLqgwkV6-QmQpVzoBxTcLJiAloMIy6-E0Am8Y4fNPPr4JpQKwBolfTnNuPidPvmtYVKs9Ye6vFKxyPwziTr39PW6RyXOtqe1ja9a_GeMg46hDSOs0UoInw_Sd8B0ARg4Cpru2m0LPQ2oUksbGc_
  33. YouTube (Bruno Perini) - QUAIS AS MELHORES CRIPTOMOEDAS PARA 2025? | Como começar a investir?: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQG_QKoTgFJO1LXmwVFFmONL63pUBUwsGwJPbWmDIhXsfHUn-v2vBssdO9E3MxtOVn2fky0szqQ2CWLSbJb0UON84Dpry7lF3-pWzjNf2-MSI4_eWBm2eFo9XMVq-UzhgQEZrM4DtcD8G9g1HIWgjmiKzt2tcx-KZ5MP (Opinion/Forecast, not primary regulatory source)
  34. Banco de Portugal - Registo de entidades que exercem atividades com ativos virtuais: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQGHQ4Urc7pUu8m-F5Q4-5Xp8mXM_YJTxzIG0POhqIEH86Q9lVXij_fhX7B6kZ5HmDpEVeD7G8f3Og8ctVVS2n4PKaXxY6h8ooSUjPVTWVH58WfeAayzETpSgU2I2n2t13jK1-BjtSnD4ew_t1LEqEZtVoztuLUtS9VEjWwNX_3oqmPEiG4aABKZFWw4ualdO3mI7v9EFkog (Link to BdP page for VASP registration)

Web Sources (21)

Sources discovered via web search grounding

Search queries used (7)
  • status legal negociação de criptomoedas para retalho em Portugal 2024 2025
  • regulação criptomoedas Portugal CMVM Banco de Portugal
  • requisitos KYC AML criptomoedas Portugal
  • impostos sobre criptomoedas Portugal para particulares
  • comprar vender deter criptomoedas legal Portugal
  • licenciamento exchanges criptomoedas Portugal
  • avisos CMVM Banco de Portugal sobre criptomoedas
Source

Source

Source

Source

Source

Source

Source

Source

Source

Source

Source

Source

Source

Source

Source

Source

Source

Source

Source

Source

Source

Reviews

No reviews yet

Submit Review

Challenge: Disagree with the analysis | Approval: Confirm it's correct | Refinement: Suggest improvements