Bison Bank becomes first in Portugal to obtain a crypto license
Bison Bank becomes first in Portugal to obtain a crypto license
The Banco de Portugal, the Portuguese government body in charge of regulating virtual asset service providers, has permitted Bison Bank to operate as the country’s first crypto bank. Bison Bank will now offer its clients a new digital asset exchange service under the supervision of the central bank.
According to a Portuguese news outlet Sapo, Bison Bank will set up a new corporate division, Bison Digital Assets, which will act as a digital asset exchange. The services offered by the new company will be available to both institutional and retail investors.This is a landmark decision by the Portuguese government, as it is the first time that a financial institution in Portugal has been allowed to offer crypto services. The move comes as a result of increasing demand from both retail and institutional investors for exposure to digital assets.
The Banco de Portugal, the Portuguese government body in charge of regulating virtual asset service providers, has permitted Bison Bank to operate as the country’s first crypto bank. Bison Bank will now offer its clients a new digital asset exchange service under the supervision of the central bank.
According to a Portuguese news outlet Sapo, Bison Bank will set up a new corporate division, Bison Digital Assets, which will act as a digital asset exchange. The services offered by the new company will be available to both institutional and retail investors.This is a landmark decision by the Portuguese government, as it is the first time that a financial institution in Portugal has been allowed to offer crypto services. The move comes as a result of increasing demand from both retail and institutional investors for exposure to digital assets.
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