Portugal has emerged as a Popular Crypto Haven, with Lisbon being named the most important crypto hub in the world. The country's tax breaks and "profound DeFi scene" are cited as reasons for its top status. Lisbon offers lower prices than other Western European hubs and has a community of like-minded people, attracting expatriates in the tech industry. Despite the recent crypto market downturn, Portugal remains blockchain agnostic, with regular industry gatherings and conferences taking place in the city. The government's tax regime and newly launched digital nomad visa also contribute to its appeal.

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