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 the first bank in the country to be given the green light by the regulator.

Banco de Portugal published its Thursday update List of virtual asset service providers adding “Bison Digital Assets” as the country’s’ fifth A licensed cryptocurrency exchange. This company was created under Bison Bank. Bison Bank is a Chinese private equity firm located in Hong-Kong. The crypto services will be offered to customers with high net worth according to local regulations. Medien.

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