The obligation to register entities that carry out activities with virtual assets

Bank of Portugal Notice 3/2021 (“Notice”) was published on 23 April 2021 and it regulates the registration process for entities carrying out activities with virtual assets. This is provided for in article 112-A of Law 83/2017 of 18 August1 (Law to Combat Money Laundering and Terrorist Financing or LCMLTF), which was introduced in the LCMLFT in the context of the incorporation of Directive (EU) 2018/843 of the European Parliament and of the Council of 30 May 2018 (“5AMLD”) into Portuguese law.