BTC $66,321.00 (-2.23%)
ETH $1,944.18 (-2.76%)
XRP $1.42 (-4.38%)
BNB $603.90 (-2.52%)
SOL $81.26 (-4.62%)
TRX $0.28 (-1.10%)
DOGE $0.10 (-2.68%)
BCH $552.14 (-2.92%)
ADA $0.27 (-3.27%)
LEO $8.52 (-1.83%)
HYPE $28.65 (-3.77%)
CC $0.17 (+2.48%)
LINK $8.57 (-3.49%)
XMR $328.69 (-1.84%)
XLM $0.16 (-3.21%)
RAIN $0.01 (-3.58%)
ZEC $269.48 (-6.26%)
HBAR $0.10 (-3.03%)
LTC $53.12 (-2.27%)
AVAX $8.87 (-3.39%)

Australia vs Portugal

Crypto regulation comparison

← Back to map | Australia | Portugal
Australia

Australia

Portugal

Portugal

Legal
Legal

Cryptocurrency is legal and well-regulated in Australia. AUSTRAC oversees AML/CTF compliance for exchanges, ASIC handles consumer protection, and the ATO treats crypto as property for tax purposes. Australia has been developing a comprehensive licensing framework for digital asset platforms.

Portugal was formerly a crypto tax haven with 0% capital gains tax on crypto for individuals, but the 2023 State Budget introduced a 28% capital gains tax on crypto held for less than one year. Crypto held for over 365 days remains tax-free for individuals. Banco de Portugal registers VASPs for AML compliance, and Portugal transitions to MiCA. Portugal attracted many crypto entrepreneurs due to its previously favorable tax regime and NHR (Non-Habitual Resident) program.

Tax Type Capital gains
Tax Type Capital gains
Tax Rate 0-45%
Tax Rate 28%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator ASIC, AUSTRAC, ATO
Regulator Banco de Portugal, CMVM (Securities Market Commission)
Stablecoin Rules Stablecoins to be regulated under proposed payments framework legislation
Stablecoin Rules Regulated under EU MiCA framework
Key Points
  • Digital currency exchanges must register with AUSTRAC and comply with AML/CTF Act
  • ATO treats cryptocurrency as a CGT asset; holding for 12+ months qualifies for 50% discount
  • ASIC regulates crypto products that qualify as financial products under the Corporations Act
  • Treasury released a token mapping consultation in 2023 to classify digital assets
  • Proposed licensing regime for digital asset platforms under development
Key Points
  • 28% capital gains tax on crypto sold within 365 days (introduced in 2023 budget)
  • Crypto held for more than 365 days is exempt from capital gains tax for individuals
  • Banco de Portugal oversees VASP registration for AML/CFT compliance
  • CMVM regulates crypto where classified as securities
  • Former 0% tax regime attracted crypto entrepreneurs; NHR tax regime phased out in 2024
Sources
Sources