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Major Portuguese Banks Close Crypto Accounts (Report)

Some of the leading banks in Portugal, including Banco Comercial Portugues and Banco Santander, have reportedly shut down all of CriptoLoja’s accounts last week.
A few days ago, the nation’s banking giants – Banco Comercial Portugues and Banco Santander – closed all of CriptoLoja’s accounts, while two smaller banks also initiated the same move.
Earlier in 2022, the authorities halted the latter, and since then, it has been unable to open accounts for clients.
ADVERTISEMENTAnti-money laundering policies and preventing the employment of digital currencies in criminal actions could be a reason for the banks’ move.
The domestic authorities treat digital currencies the same way as other currencies, not just assets.

Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by TokenAround.

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