April 20, 2025
Blockchain

Portugal’s Central Bank issues a cryptocurrency license to a bank for the first time

  • April 15, 2022
  • 0

Bison Bank is the first Portuguese bank to obtain a Virtual Asset Service Provider (VASP) license from Banco de Portugal. Under the ECO, the company will create a

Portugal’s Central Bank issues a cryptocurrency license to a bank for the first time

Portugal’s Central Bank issues a cryptocurrency license to a bank for the first time
Portugal’s Central Bank issues a cryptocurrency license to a bank for the first time

Bison Bank is the first Portuguese bank to obtain a Virtual Asset Service Provider (VASP) license from Banco de Portugal.

Under the ECO, the company will create a special division, Bison Digital Assets, to work as a cryptocurrency exchange and custodian.

Bison Bank highlighted that this will be the first bank-owned legal entity in Portugal licensed to provide deposit and trading services in the digital assets space.

Bison Digital Assets will focus on high-net-worth clients in line with the parent company’s strategy. Details on which cryptocurrencies the financial institution will allow trading with have not yet been disclosed.

Bison Bank provides deposit and investment banking services to individual and corporate customers. It is owned by the Hong Kong-based private company Bison Capital Holding Company Limited.

Recall that in June 2021, two Portuguese crypto exchanges, Criptoloja and Mind the Coin, became the holders of the VASP license.

Source: Fork Log

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