BTC $66,890.00 (-1.67%)
ETH $1,969.51 (-2.39%)
XRP $1.42 (-4.77%)
BNB $605.29 (-2.85%)
SOL $81.62 (-4.40%)
TRX $0.28 (-0.50%)
DOGE $0.10 (-4.08%)
BCH $555.69 (-1.58%)
ADA $0.27 (-4.09%)
LEO $8.64 (+1.07%)
HYPE $28.94 (-1.76%)
LINK $8.63 (-3.04%)
CC $0.16 (-2.89%)
XMR $323.86 (-5.01%)
XLM $0.16 (-4.60%)
RAIN $0.01 (-3.25%)
ZEC $260.10 (-8.63%)
HBAR $0.10 (-3.42%)
LTC $52.85 (-2.71%)
AVAX $8.83 (-3.27%)

Bahrain vs Portugal

Crypto regulation comparison

← Back to map | Bahrain | Portugal
Bahrain

Bahrain

Portugal

Portugal

Legal
Legal

Bahrain is one of the most crypto-friendly jurisdictions in the Middle East. The Central Bank of Bahrain introduced a comprehensive crypto-asset regulatory framework in 2019, and there is no personal income or capital gains tax. Several major exchanges including Binance have obtained licenses.

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 No tax
Tax Type Capital gains
Tax Rate 0%
Tax Rate 28%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator CBB (Central Bank of Bahrain)
Regulator Banco de Portugal, CMVM (Securities Market Commission)
Stablecoin Rules Regulated under CBB crypto-asset module; stablecoin issuance requires CBB licensing
Stablecoin Rules Regulated under EU MiCA framework
Key Points
  • CBB Crypto-Asset Module provides a full regulatory framework for exchanges, custodians, and brokers
  • No personal income tax or capital gains tax in Bahrain
  • Licensed exchanges include Binance (CoinMENA), Rain, and others
  • VASPs must meet AML/CFT requirements and obtain CBB licensing
  • Bahrain positions itself as a regional fintech and crypto hub
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