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🇵🇹 Portugal

Banco de Portugal, MiCA CASP

Crypto (CASP / VASP) E-money (EMI)
Last verified 2026-08-15 Next review 2026-08-29

Data verified: oldest cell 49 days ago (verified 2026-07-01). Individual cells show their own verification date below.

Capital requirement Capital requirement is included with access. Included with access Timeline to authorisation Timeline to authorisation is included with access. Included with access Application cost Application cost is included with access. Included with access Passporting Passporting is included with access. Included with access

Licence type

MiCA CASP authorisation implemented by Lei n.o 69/2025 (22 Dec 2025). Replaces the legacy Banco de Portugal VASP (AML) registration.

Verified 4 days agoSource: Lei n.o 69/2025 - Diario da Republica: https://diariodarepublica.pt/dr/detalhe/lei/69-2025-992098939

Regulator

Twin-peaks: BANCO DE PORTUGAL is the CASP authorisation authority + prudential/AML supervisor (single application front door); CMVM is the conduct-of-business and market-abuse supervisor. (Corrects the seed - not CMVM-led.)

Verified 7 weeks agoSource: Morais Leitao legal alert: https://www.mlgts.pt/en/knowledge/legal-alerts/Legal-Alert-Implementation-of-the-Markets-in-Crypto-Assets-Regulation-in-Portugal/26444/

Recent changes

Lei 69/2025 (MiCA) and Lei 70/2025 (Travel Rule) published 22 Dec 2025, about a year late. The legacy-VASP transitional window closed 1 Jul 2026. Bison Bank became Portugal's first MiCA-authorised CASP in late Jun 2026, following approval from Banco de Portugal and the CMVM.

Verified 6 weeks agoSource: Diario da Republica, Lei 69/2025: https://diariodarepublica.pt/dr/detalhe/lei/69-2025-992098939 ; Bison Bank announcement (23 Jun 2026): https://bisonbank.com/bison-bank-becomes-portugals-first-mica-regulated-crypto-asset-service-provider/

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Not legal advice. Entries marked placeholder or awaiting verification shouldn't be relied on. Verify with Portugal's regulator and qualified local counsel before acting.