The Central Bank of Portugal issued a crypto license

15.04.2022 20:23
by Artem Ustinov
1 min read

The Central Bank of Portugal issued a crypto license

The Central Bank of Portugal has issued a license for operations with cryptocurrencies to the local bank Bison Bank. The financial institution became the first of the Portuguese banks to obtain a license as a virtual asset service provider.

The company will create a special division of Bison Digital Assets to operate as a crypto exchange and custodian.

Bison Digital Assets will focus on large clients in line with the parent company’s strategy. The bank will provide deposit and trading services in the field of digital assets.

Author

  • Crypto analyst and practitioner trader with the law and managerial education. Active investor and crypto enthusiast. Worked as an analyst and copywriter in a brokerage company. Accompanied by DAO and NFT projects of different levels of complexity.

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