Sunday, May 22, 2022
name of Prensa Latina
Bandera inglesa
English Edition
name of Prensa Latina



Portugal warns about the risks of cryptocurrencies


Portugal warns about the risks of cryptocurrencies

Lisbon, Feb 21 (Prensa Latina) Investors should be aware of the risks involved in cryptocurrencies in a country lacking a specific regulation on the matter, the Portuguese Securities Market Commission (CMVM, in Spanish) warned.
Share on facebook
Share on twitter
Share on whatsapp
Share on telegram
Share on email

At a press conference, CMVM president Gabriel Bernardino recalled that the agency has no direct competences on the subject and warned about the volatility of cryptocurrencies in that unregulated area.

Specific regulation is needed at European and national level, he said.

Currently, only the Bank of Portugal has some powers in terms of cryptocurrency supervision, although Bernardino believes that could change with the implementation of European regulation.

The member nations of the European Union agreed in November to negotiate with the European Parliament the final texts of the Regulation on Cryptoassets Markets, an initiative in the final stage of discussion between the Parliament and the Council of the community bloc.

As foreseen in the regulation, Bernardino explained, there are market access materials and market platforms where the Commission could carry out supervisory actions.


name of Prensa Latina

| Text SMS to 8100 with content PL
Receive 4 mesages x 25 cup

© 2016-2021 Prensa Latina
Latin American News Agency

Radio – Publications  – Videos – News by the minute.
All Rigts Reserved.

St. E No 454 , Vedado,  Habana, Cuba.
Phones: (+53) 7 838 3496, (+53) 7 838 3497, (+53) 7 838 3498, (+53) 7 838 3499
Prensa Latina © 2021 .

Web Site developed by IT Division  Prensa Latina.