Portuguese regulator grants first crypto license to a bank

Portuguese-based bank Bison Bank has received permission from Portugal’s Central Bank (Banco de Portugal) to operate as a “virtual asset service provider ”(VASP), making it the first bank in the country to be given the green light by the regulator.

On Thursday, Banco de Portugal updated its list of virtual asset service providers adding “Bison Digital Assets” as the country’s fifth licensed crypto exchange. The company is newly created to operate under Bison Bank, which is fully held by a Chinese private capital firm based in Hong Kong, and will position its crypto services to high net worth customers, according to local media.

Read more: Cointelegraph