Portugal approves two cryptocurrency exchanges

Wednesday 23 June 2021 11:29 CET | News

Portugal now has two approved cryptocurrency exchanges, Mind the Coin and Criptoloja.

In Portugal, the central bank is responsible for registering entities that intend to act as virtual asset service providers (VASPs). The bank must also ensure that they are in compliance with the legal and regulatory provisions on the prevention of money laundering and terrorist financing (AML/CFT).

Entities that must be registered are those providing exchange services, with or without involving fiat currencies.

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Keywords: cryptocurrency exchange, regulation, central bank, AML, CFT
Categories: Blockchain & Cryptocurrencies | Cryptocurrencies
Countries: Portugal
This article is part of category

Blockchain & Cryptocurrencies