Which cryptocurrency exchanges operate in Portugal?

All leading exchanges operate in the country. Portugal recently approved two home-based cryptocurrency exchanges with the central bank, the Banco de Portugal, licensing Mind the Coin and Criptoloja. In Portugal, the central bank requires registering bodies that wish to act as virtual asset service providers (VASPs).

How to cash out crypto in Portugal without paying tax?

To be sure, contact a tax advisor in Portugal. If this is not the case for you, you can cash out your crypto into fiat currency (euro) without paying any tax. At times, Portuguese banks will contact you and ask you for a receipt or proof of exchange.

Will criptoloja & mind the coin be able to operate in Portugal?

The transformation of value in the digital age. The central bank announced Criptoloja and Mind the Coin will be able to operate in the country. The Central Bank of Portugal licensed two crypto exchanges after a new crypto trading platform law took effect earlier this year.

Is Portugal a crypto-friendly country?

Portugal officially recognizes digital currencies and, within EU legislation, has some autonomy to write favorable crypto legislation. Portugal is one of the most crypto-friendly countries anywhere – perhaps one reason why so many people, especially rich ones, retire there.