BiG’s Block on Fiat Transfers to Crypto Highlights Portugal’s Evolving Regulatory Landscape and Diverging Banking Approaches 🇵🇹

Banco de Investimentos Globais (BiG) has halted fiat transfers to cryptocurrency platforms, citing compliance with EU regulations. This move signals Portugal's shift toward a more regulated environment for cryptocurrencies. The country is introducing stricter policies, including imposing a 28% tax on short-term crypto holdings, marking a departure from its previous crypto-friendly stance.