Portugal approves two cryptocurrency exchanges

Portugal now has two approved cryptocurrency exchanges, Mind the Coin and Criptoloja.

In Portugal, the central bank is responsible for registering entities that intend to act as virtual asset service providers (VASPs). The bank must also ensure that they are in compliance with the legal and regulatory provisions on the prevention of money laundering and terrorist financing (AML/CFT).

Entities that must be registered are those providing exchange services, with or without involving fiat currencies.