news 
Title: Major Portuguese Bank Blocks Fiat Transfers to Crypto Platforms
Lisbon, Portugal – The Portuguese banking sector has just taken a significant step towards regulating the cryptocurrency industry in the country. According to sources close to the matter, one of the largest banks in Portugal, Millenium BCP, has blocked fiat transfers from its accounts to several crypto platforms.
This move is seen as a major blow to the local cryptocurrency market, which has been growing rapidly over the past few years. The bank’s decision was reportedly made in response to increased regulatory scrutiny and pressure from the Portuguese financial authorities.
The news comes at a time when cryptocurrencies are facing unprecedented levels of regulatory attention worldwide. In recent months, several high-profile exchanges have been targeted by regulators for failing to maintain adequate customer protections and transparency.
Worldcoin, an Ethereum-based platform known for its focus on data privacy, has received praise from Vitalik Buterin, the co-founder of Ethereum, amidst this backdrop of increased scrutiny.
Source: cryptoslate.com
