João Santos - Legalico

Portugal

As a member state of the European Union, Portugal's financial regulation framework is subject to EU directives and regulations including key legislation such us the Prospectus Regulation, the Markets in Financial

Banco Santander-Totta Case

On January 2018, the Portuguese branch of Spanish bank Santander, Banco Santander Totta, was blocking cryptocurrencies-related transactions. The financial institution was blocking the transactions while claiming cryptocurrency exchanges were transacting in non-regulated financial

National Council of Financial Supervisors Warning 2018

On the 5th of July 2018, the National Council of Financial Supervisors for securities (CMVM), banking (Bank of Portugal), and insurance and pension funds (ASF) published jointly a warning about the risks of

Bank of Portugal Press Releases

On the 22nd of November 2013, the Bank of Portugal issued a press release highlighting the risks of using bitcoin and stating that the Bank of Portugal does not oversee or supervise the

Portugal

CMVM 2017 Notice

CMVM issued on the 3rd of November 2017 a warning to the investors about Initial Coin Offerings, regarding the following associated risks: * Unregulated activity: due to the way in which said are structured,