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+2.16% Litecoin (LTC) 93.47 EUR
+0.03% B-Cash (BCH) 126.64 EUR
-0.48% Ethereum (ETH) 0.0719726 BTC
+2.05% Litecoin (LTC) 0.00435815 BTC
-0.34% B-Cash (BCH) 0.0058883 BTC
-0.05% Bitcoin (BTC) 23201.6998 USDC
+0.20% USD Coin (USDC) 0.94 EUR
-0.10% Bitcoin (BTC) 23182.328 USDT
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+0.23% Chainlink (LINK) 0.00030748 BTC
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-1.48% Dogecoin (DOGE) 0.00000398 BTC
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+4.69% TradeFlow (TFLOW) 0.12435716 BUSD

Central Bank of Portugal Grants Country’s First Crypto License to a Bank

04-18-2022

Bison Bank, a Portugal-based financial institution, has received a license from the Portuguese central bank (Banco de Portugal) to operate as a virtual asset service provider (VASP), Banco de Portugal announced Thursday.

  • Bison Bank will create a special business division, Bison Digital Assets, to operate as a virtual asset exchange, according to Portuguese media outlet Sapo.
  • The division is the first entity in Portugal owned by a bank to be authorized by Banco de Portugal to offer custodian and crypto trading services.
  • Bison Bank provides wealth management, depositary and investment banking services to individuals and institutional clients, according to its website. It is owned by a Hong Kong-based Chinese private capital group.
  • In March, Banco do Portugal granted the first full all-categories VASP license to Utrust, a Portugal-based on-chain crypto payments firm.
  • In June, it licensed two cryptocurrency exchanges, Criptoloja and Mind The Coin, to operate as VASPs. The bank also granted a crypto exchange license to Luso Digital Assets.

 

Source: Coindesk

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