Portuguese Banks Begin Closing Of Crypto Accounts, Cites Risk Management Issues
All exchanges that have had their accounts terminated, including Criptoloja, Mind The Coin, and Luso Digital Assets, have been licensed by the Bank of Portugal. Several prominent banks in Portugal are shutting bitcoin ex...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
All exchanges that have had their accounts terminated, including Criptoloja, Mind The Coin, and Luso Digital Assets, have been licensed by the Bank of Portugal. Several prominent banks in Portugal are shutting bitcoin exchange accounts due to "risk management" concerns, indicating a reversal in Portugal's pro-crypto stance. Portugal's central bank seems to have given the financial institutions permission to act.
Several of Portugal's leading banks recently canceled the accounts of CriptoLoja, the country's first licensed cryptocurrency exchange. According to Bloomberg, BCP (Banco Comercial Portugues), Santander Bank, Caixa Geral de Depósitos, BiG, and Abanca have closed accounts ...
Read The Full Article On CryptoCurrencyNews.com
Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.
All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoCurrencyNewsRelated market context
Coinbase Flags BLAST Network Shutdown and Customer Access Risk
TL;DR: Coinbase’s published status information identified an October 26 deadline linked to the Blast network shutdown and warned t...
Bitwise Raises Bitcoin Target to $1.6 Million as Institutions Keep Buying
Bitcoin Magazine Bitwise Raises Bitcoin Target to $1.6 Million as Institutions Keep Buying Bitwise Asset Management this week rele...
Coinbase Data Breach Shows Why Crypto Security Goes Beyond Self-Custody
The Coinbase data breach has reignited questions about crypto security, but the incident raises a bigger question than whether use...
Galaxy Asset Management: “Now Is The Time” to Buy Bitcoin
▶Bitcoin Magazine Galaxy Asset Management: “Now Is The Time” to Buy Bitcoin “We believe the bottom is in.” That’s the call from Ga...
Citi, JPMorgan among major banks joining DTCC’s tokenization service launch
Major banks' participation in DTCC's tokenization service could accelerate the integration of digital assets into mainstream finan...
Google previews crypto custody security system for banks, with broader rollout expected around 2027
Google's crypto custody system could redefine digital asset security for banks, enhancing resilience against breaches and quantum...