Is Bitcoin Legal in Portugal?
Yes. Bitcoin is legal in Portugal, and crypto service providers need a MiCA licence from the Banco de Portugal.
Legal and regulated · facts checked November 2026 · bitcoin is $77,637 today
| Status | Legal and regulated |
|---|---|
| Regulator | Banco de Portugal (authorisation/prudential) and CMVM (conduct and market abuse) |
| Main law | MiCA, implemented by Lei n.º 69/2025 (1 Dec 2025, published 22 Dec 2025); transitional period ended 1 July 2026 |
| Exchanges | Yes: CASP authorisation from the Banco de Portugal (CMVM gives an opinion); VASPs registered with the BdP could operate until 1 July 2026. |
| Paying with bitcoin | Not legal tender (euro only); merchants may accept it voluntarily. |
| Banks | Yes; banks may serve or partner with licensed CASPs, and credit institutions can offer crypto services after notifying the regulator (MiCA Art. 60). |
| Tax | Gains on crypto held under 365 days are taxed at 28%; gains on crypto held 365 days or more are exempt (rules since 2023 State Budget, Lei 24-D/2022). |
| Mining | Allowed. |
| Recent change | 22 Dec 2025: Lei 69/2025 was published, naming Portugal's MiCA authorities; the transitional regime ended 1 July 2026. |
Bitcoin in Portugal: FAQ
Is bitcoin legal in Portugal?
Yes: bitcoin is legal in Portugal, and crypto service providers need a MiCA licence from the Banco de Portugal.
Is bitcoin legal tender in Portugal?
Not legal tender (euro only); merchants may accept it voluntarily.
How is bitcoin taxed in Portugal?
Gains on crypto held under 365 days are taxed at 28%; gains on crypto held 365 days or more are exempt (rules since 2023 State Budget, Lei 24-D/2022).
Who regulates crypto in Portugal?
Banco de Portugal (authorisation/prudential) and CMVM (conduct and market abuse). Yes: CASP authorisation from the Banco de Portugal (CMVM gives an opinion); VASPs registered with the BdP could operate until 1 July 2026.
Is bitcoin mining legal in Portugal?
Allowed..
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