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Bitcoin is not legal in Portugal, but some brokers in the country “sell” the digital coin

Page created: Monday, 18 December 2017 14:33 GMT

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Bitcoins  Portugal

he Portuguese Securities Market Commission (CMVM) is not fond of the commercialization of complex financial products linked to Bitcoin and it will restrict the advertising of these products to private investors, ECO knows, in addition to closely monitoring these financial intermediates who allow anyone to be exposed to the euphoria around Bitcoin.

Any investor can buy and sell Bitcoin on online platforms such as Bitstamp or Coinbase, markets which are not regulated by official authorities such as central banks. In fact, it is precisely this deregulation that has attracted several Bitcoin enthusiasts from all over the world, inflating its price in successive records above 17 thousand dollars. But this situation also means investors are not protected from the risks of trading these cryptocurrencies.