The Portuguese parliament had previously made a legal regulation and enacted the necessary laws for cryptocurrency exchanges to operate in the country. But so far, no crypto exchange has received official permission. The Central Bank of Portugal has announced that it has given official permission for 2 crypto exchanges to trade.
source
After the Portuguese parliament passed the law for crypto exchanges, they applied for official authorization to crypto exchanges in Portugal. Although the official applications were made last year, the official permissions were given about a year later. The reason for the late issuance of the permits is thought to be related to the pandemic period.
The Central Bank of Portugal has announced that it has officially allowed the Criptoloja and Mind The Coin exchanges to trade. Pedro Borges, CEO of Criptoloja, made a statement on the subject. Pedro Borges said that they applied for the official permit on September 29, 2020. He said it is an exciting victory to be the official crypto exchange in Portugal, despite the fact that the official permit decision came late.
It is very important for some investors that crypto exchanges get legal permission in the countries where they operate. This will contribute to the participation of new investors in the crypto market. It will even increase the interest of everyone in the country in cryptocurrencies.
Thank you for reading the article.
To Read My Other Articles: @rtonline
Posted Using LeoFinance Beta
Congratulations @rtonline! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
Your next target is to reach 950 posts.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOP