Portugal’s BiG Bank Halts Fiat Payments to Crypto Platforms
Portugal’s top bank, Banco de Investimento Global, (BiG), has suspended fiat transactions to cryptocurrency platforms, signaling increasing regulatory scrutiny on digital assets in the country.
BiG, which manages assets close to €7 billion, made the announcement through a tweet by José Maria Macedo, co-founder of Delphi Labs. Macedo criticized the move, suggesting that it could push more people to transfer their funds to blockchain platforms.
“Cryptocurrency is inevitable, banks are dead, and these abuses of power will only red pill more ppl into moving their wealth on-chain,” he tweeted. Interestingly, the restriction appears to apply only to BiG.
Other major Portuguese banks, such as Caixa Geral…
