Central Bank of Portugal awards first licenses to local crypto exchanges
Banco de Portugal, the country’s central bank, issued operational licenses to two local crypto exchanges for the first time ever, a notice on the site shows. Receiving the licenses were Lisboa-based Criptoloja and Braga-based Mind The Coin.
“It was a long way. Being the first regulated exchange in Portugal means a lot,” said Pedro Borges, chief executive officer Criptoloja, in a statement. The exchange filed for the first license on September 29 last year, as per reports.
Banco de Portugal is said to have received five formal registration requests from exchanges this year, and over 60 ‘informal’ contacts.