Eight Countries That Don’t Tax Your Bitcoin Gains

As world governments push through legislation to levy taxes on capital gains from bitcoin (BTC) transactions, seeking to earn more from an asset class that frowns on regulatory oversight, there are still a few countries that remain pro-crypto, allowing investors to buy, sell or hold digital assets at zero taxes.

Circumstances vary, but the real motivation leans more toward facilitating increased investment within the respective jurisdiction’s cryptocurrency industries, perhaps as a base for future taxation. For now, that has not happened yet. Here’s a list of eight countries – in no order of importance – which may be considered as bitcoin tax havens, states that don’t want your BTC investment gains.

Portugal

In Portugal, tax authorities waived all tax on cryptocurrency trading and transacting – meaning that individuals do not have to pay capital gains tax or value added tax (VAT), when buying or selling BTC and other digital assets. The Portugal Tax Authority (PTA) said…