MiCA finally operational in Portugal

Portugal has taken the final step in aligning its legal framework with the EU regime on crypto-assets through the publication of Law No. 69/2025 of 22 December, which ensures the national execution of the Markets in Crypto-Assets Regulation (MiCA).

The new law defines the supervisory architecture applicable to crypto-assets and crypto-asset services in Portugal and establishes a transitional framework for entities already operating under the previous national regime.

By completing the domestic implementation of MiCA, Portugal moves into a fully harmonized European regulatory environment for crypto-assets, reinforcing legal certainty for market participants and supporting the development of a compliant and mature digital assets ecosystem.

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