Banco de Investimentos Globais (BiG) has stopped fiat transfers to cryptocurrency platforms, signaling a regulatory shift in Portugal. This decision reflects BiG’s independent compliance assessments under the recently enacted EU’s MiCA regulations, despite Portugal’s historic crypto-friendly image.

While BiG restricts transactions, other Portuguese banks like Caixa Geral de Depósitos are still accommodating crypto transactions. This diversity in approach reflects varying responses to MiCA’s regulatory framework across Europe’s banking sector, contrasting with BiG’s recent decision to curb crypto interactions.