Antwort auf: The crypto license requirements in Portugal

[Carl Redford]

Hi! Building upon Max’s response, I’d like to add that obtaining a crypto license in Portugal involves a thorough process to ensure regulatory compliance. In addition to the points already mentioned, it’s crucial to note that the CMVM has implemented a comprehensive licensing framework called the Digital Financial Assets (DFAs). This framework covers various crypto-related activities, such as cryptocurrency exchange operations, custody services, and initial coin offerings (ICOs). Each activity has specific requirements and obligations to be fulfilled. It’s advisable to prepare a detailed business plan, including a risk assessment, operational procedures, and financial forecasts, as part of your application for a crypto license. Remember to stay updated with any amendments to the regulatory landscape, as crypto regulations can evolve over time. Best of luck with your venture in Portugal’s crypto space!