Major Portuguese banks are closing accounts of cryptocurrency exchanges.
Major Portuguese banks have started closing or refusing to open accounts for cryptocurrency platforms such as exchanges, according to media reports. The move threatens to tarnish the country’s image as one of Europe’s most crypto-friendly destinations, a haven for bitcoin enthusiasts.
No official explanation was provided in either of these cases, the crypto entrepreneur emphasized. Meanwhile, the state-owned bank Caixa Geral de Depositos and the Lisbon-basedhave also started rejecting or closing down crypto exchange accounts, Jornal de Negocios unveiled this week.
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