Why is Portugal good for crypto investors?

It is widely spoken that Portugal is good for crypto investors because they don't have regulation regarding taxation of crypto. I also know a few crypto personalities that live there for this reason.

However, I am confused- I had been looking into moving to Portugal and was speaking to a tax advisor there and they informed me that even though there is no regulation regarding its taxation, that they can and often do choose at their discretion to tax crypto gains as income…even if it is a one time withdrawal.

Does anyone have any insight or clarification on this?

submitted by /u/DIELAN00
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