BTC $66,367.00 (-1.04%)
ETH $1,924.69 (-2.53%)
XRP $1.39 (-4.63%)
BNB $600.34 (-2.48%)
SOL $80.45 (-2.16%)
TRX $0.28 (+0.81%)
DOGE $0.10 (-3.23%)
BCH $550.85 (-1.47%)
ADA $0.27 (-3.96%)
LEO $8.69 (+1.94%)
HYPE $28.44 (-2.07%)
XMR $329.79 (-2.21%)
LINK $8.44 (-3.45%)
CC $0.16 (-5.78%)
XLM $0.16 (-4.23%)
RAIN $0.01 (-0.88%)
ZEC $260.13 (-7.52%)
HBAR $0.10 (-3.83%)
LTC $51.91 (-4.28%)
AVAX $8.83 (-2.17%)

Bahamas vs Portugal

Crypto regulation comparison

← Back to map | Bahamas | Portugal
Bahamas

Bahamas

Portugal

Portugal

Legal
Legal

The Bahamas enacted the Digital Assets and Registered Exchanges (DARE) Act in 2020, creating a comprehensive regulatory framework. The SCB oversees digital asset businesses. The Bahamas also launched the Sand Dollar CBDC.

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 No No
Mining Yes Yes
Regulator Securities Commission of the Bahamas (SCB)
Regulator Banco de Portugal, CMVM (Securities Market Commission)
Stablecoin Rules Regulated under DARE Act 2024; algorithmic stablecoins banned
Stablecoin Rules Regulated under EU MiCA framework
Key Points
  • DARE Act (2020) provides comprehensive regulation for digital assets and exchanges
  • Securities Commission of the Bahamas licenses and supervises digital asset businesses
  • No income tax, capital gains tax, or crypto-specific taxes
  • Sand Dollar CBDC launched in 2020 as one of the world's first
  • FTX collapse in 2022 led to enhanced scrutiny and regulatory updates
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