Portugal grants first crypto license to its bank
The Central Bank of Portugal has granted Bison Bank a license to act as the first crypto bank in the country. The bank was formerly the investment bank of Banif which was acquired by the Chinese group Bison in 2018.
Bison Bank received authorization to launch Bison Digital Assets, a special company that will provide custodial and exchange crypto services.
Customers will reportedly be offered a "new and broader set of products and services that, in line with market demand trends in this new segment, match their global needs present in financial and virtual assets."
Under regulation by the Banco de Portugal, Bison Digital Assets will be supervised on anti-money laundering and counter-terrorism financing grounds.
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