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Honduras vs Portugal

Crypto regulation comparison

← Back to map | Honduras | Portugal
Honduras

Honduras

Portugal

Portugal

No Regulation
Legal

Honduras has no specific cryptocurrency legislation. The Central Bank and CNBS have issued warnings about crypto risks but have not banned it. The Special Economic Zone of Prospera on Roatán island adopted Bitcoin as legal tender in its jurisdiction, though this is a unique local arrangement.

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 Unclear
Tax Type Capital gains
Tax Rate N/A
Tax Rate 28%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator BCH (Banco Central de Honduras), CNBS
Regulator Banco de Portugal, CMVM (Securities Market Commission)
Stablecoin Rules No stablecoin-specific regulation
Stablecoin Rules Regulated under EU MiCA framework
Key Points
  • No national cryptocurrency legislation exists
  • BCH and CNBS issued warnings about risks but no formal ban
  • Prospera (ZEDE on Roatán) recognized Bitcoin as legal tender locally
  • Crypto use exists primarily through peer-to-peer channels
  • No specific tax guidance for cryptocurrency gains
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