Great news from Portugal! Portuguese-based bank Bison Bank has become the first bank in the country to be given the green light by the regulator.
In April 2021, laws were established regulating cryptocurrency exchanges to a licensing regime operated by the central bank. Later that year in June, licenses were granted to the exchanges Mind The Coin and Criptoloja, the first two VASPs permitted to operate in the country.
In March 2021, the regulator granted the first “all categories” VASP license to Utrust, allowing the exchange to offer crypto-to-crypto swaps, transfers to wallet addresses, and custody and storage of private keys on top of providing a fiat on-ramp. Bison Bank has also been granted an all-categories license..
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