According to a report by Expreso, the legal “void” on the collection of capital gains in the investment of cryptocurrencies, has made Portugal a haven for crypto invetors. “There are really a lot of people living here or thinking about coming here”, says Pedro Borges, co-founder of Criptoloja, to the newspaper.

In addition to Portugal, both Germany and Luxembourg also have attractive regimes, given the IRS exemption on these investments, as long as they do not show a speculative profile, according to the PwC survey.