Portugal 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 Instruments Directive
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,
