Portugal completed MiCA transposition December 2025 via Laws 69/2025 and 70/2025. Transition until July 1, 2026. Dual-NCA model: Bank of Portugal (prudential/authorization) + CMVM (conduct/market abuse). Tax-free for holdings >365 days; 28% on short-term gains.
| Stato | crypto_friendly |
| Regione | europe |
| Valuta | EUR |
| Punteggio di rischio | 18/100 |