What are the regulations for cryptocurrency exchanges in Portugal?

3 answers

• Dec 26, 2021 · 3 years ago
  In Portugal, cryptocurrency exchanges are subject to certain regulations to ensure transparency and protect investors. The key requirements include obtaining a license from the Portuguese Securities Market Commission (CMVM) and complying with anti-money laundering (AML) and know your customer (KYC) regulations. Exchanges must also maintain proper records and implement security measures to safeguard users' funds. These regulations aim to prevent fraud, money laundering, and other illegal activities in the cryptocurrency market.
  532266
• Dec 26, 2021 · 3 years ago
  Cryptocurrency exchanges in Portugal are regulated by the CMVM, which is responsible for overseeing the financial markets in the country. The regulations are designed to provide a framework for the operation of exchanges and protect the interests of investors. Exchanges must adhere to strict compliance procedures, including verifying the identity of their users and reporting any suspicious transactions. By complying with these regulations, exchanges can help build trust and credibility in the cryptocurrency industry.
  522174
• Dec 26, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, operates in compliance with the regulations set by the CMVM in Portugal. As a licensed exchange, BYDFi ensures that it follows all the necessary requirements to provide a secure and transparent trading environment for its users. Users can trade with confidence, knowing that BYDFi is committed to upholding the highest standards of regulatory compliance.
  39699