It views cryptocurrencies as private money and not capital assets. So if one keeps the cryptocurrency for over a year and later decides to sell it, then one pays no tax on it.
In Malaysia, cryptocurrency transactions are tax-free for retail investors as cryptocurrencies are not considered capital assets or legal tender by Malaysian authorities.
Malaysia
Malta, also known as Blockchain Island, is a tax haven for cryptocurrencies. The country recognizes cryptocurrencies as "a unit of account, a medium of exchange, or a store of value."
Malta
Portuguese individuals who profit from buying and selling cryptocurrencies are not taxed on capital gains.