The first bank of Portugal received a crypto license

A license that allows you to store and exchange cryptocurrencies was issued by Portuguese regulators to Bison Digital Assets. This is the first official crypto bank in the country that will be able to work as a provider of virtual assets.

Bison Bank is the fifth officially registered cryptocurrency platform, which was added by the official regulator of Portugal, Banco de Portugal.

Bison Bank is owned by a Chinese private equity company. Its main office is in Hong Kong. To work on the crypto market, a division of Bison Digital Assets was created, which will provide services to wealthy investors.

Recall that Portugal is a country with a climate friendly to cryptocurrencies. Investors in digital assets are exempt from paying capital gains tax.

The authorities are pursuing a policy of exploring the benefits of blockchain. A working group has been created in the country, in which representatives of public and private organizations participate. Her task is to develop a national blockchain strategy.

According to experts, the primary document will be submitted for review at the end of April, and the final version in June. The implementation of the strategy will begin in technologically free zones (ZLT), created to test blockchain technologies.

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CoinShark is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. This article is for informational purposes, prepared on the basis of materials and information from open sources . Cryptocurrency is a high-risk asset, investing in it can lead to losses. Readers should do their own research before taking any action.

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