Portugal Brings Crypto Under the EU's MiCA Rulebook From July 1, Splitting Supervision Between the Bank of Portugal and the CMVM
From 1 July, Portugal finally applies the EU's MiCA regulation to crypto. The Bank of Portugal handles authorisation and prudential oversight while the CMVM polices conduct, with fines reaching €5 million. A grandfathering window has closed, leaving only a handful of licensed operators.
