Banco of Investimentos Globais (BiG), one of Portugal’s largest banks, has begun blocking fiat transfers to crypto platforms, citing compliance with European Central Bank guidelines and local laws against money laundering and terrorism financing. This decision has drawn criticism, with some arguing it reflects an outdated view of the inevitable rise of cryptocurrency. Meanwhile, other banks in Portugal, like Caixa Geral de Depósitos, continue to allow such transfers.
about Portuguese Bank BiG Blocks Fiat Transfers to Cryptocurrency Platforms