Portugal has become a hotspot for cryptocurrency enthusiasts with its tax-free approach to trading and payments. The allure lies in the absence of taxes on both trading profits and transactions conducted using cryptocurrencies. To participate in this favorable environment, individuals must obtain a Portuguese Tax Number, a key element for adhering to the country's tax regulations. This distinctive feature positions Portugal as an attractive destination for those navigating the cryptocurrency landscape, offering a unique and hassle-free experience for crypto traders and businesses alike.