Portugal introduces tax relief for long-term Bitcoin holders – what does this mean for investors?

2026-01-20 16:23:16

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Good news for hodlers on the map of European cryptocurrency regulations. Portugal has decided to exempt Bitcoin held for over a year from capital gains taxes.

This change marks a significant step towards a more friendly approach to investing in the largest cryptocurrency. For investors holding Bitcoin for more than 12 months, it practically means no tax burden on the income from these assets.

What are the implications of this decision?

Portugal’s decision could influence other European countries’ approach to taxing long-term Bitcoin positions. The market is watching to see if similar regulations will spread across Western Europe.

For Bitcoin hodlers, this is a signal that institutional interest and regulatory acceptance of digital assets are growing. Portugal positions itself as a country where long-term investments in Bitcoin can be financially rewarding.

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