Portugal is eyeing off a new tax policy that will come into effect as part of next year’s budget
It’s understood a 28 per cent capital gains tax will apply to all crypto gains across a year.
If investors make any gains after a year of holding the assets, they will then be exempt from taxes.
Of course, Portugal is just one country in the midst of crypto reform.
The nation wants to place a 4 per cent tax on crypto transfers and use stamp duty in some cases.
