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%)

Portugal vs Turkey

Crypto regulation comparison

← Back to map | Portugal | Turkey
Portugal

Portugal

Turkey

Turkey

Legal
Legal

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.

Turkey has one of the highest crypto adoption rates globally, driven by lira depreciation and high inflation. While crypto ownership is legal, the CBRT banned crypto payments in April 2021. In 2024, Turkey passed comprehensive crypto legislation under the Capital Markets Law amendment, giving the CMB authority to license and regulate crypto asset service providers. No crypto-specific tax exists yet, though legislation is under consideration. MASAK (Financial Crimes Investigation Board) oversees AML compliance.

Tax Type Capital gains
Tax Type None
Tax Rate 28%
Tax Rate 0% (legislation pending)
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Banco de Portugal, CMVM (Securities Market Commission)
Regulator CMB (Capital Markets Board), CBRT (Central Bank), MASAK
Stablecoin Rules Regulated under EU MiCA framework
Stablecoin Rules Under development; CBRT banned crypto for payments
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
Key Points
  • 2024 Capital Markets Law amendment gives CMB authority to license crypto platforms
  • CBRT banned the use of crypto assets for payments in April 2021
  • No crypto-specific tax currently; capital gains tax legislation under discussion
  • MASAK enforces AML/KYC requirements on crypto platforms
  • Turkey ranks among top 5 globally for crypto adoption (driven by lira depreciation)
Sources
Sources