Supervision by Banco de Portugal of activities involving virtual assets

Under this Decree-Law, Banco de Portugal now assumes supervisory powers over entities providing exchange services (between virtual assets and fiat currencies, or between one or more virtual assets), transfer or custodian wallet providers of virtual assets ("activities with virtual assets"), with regard to compliance with money laundering prevention rules. Not only does it bring these entities within the scope of entities subject to compliance with legal obligations to prevent money laundering, but it also provides for a true limited prudential supervision of them by Banco de Portugal