Bank of Portugal warns of unauthorized entities in the virtual assets business


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The Bank of Portugal (BdP) warned today that the entities “BTC Evex 360”, “BTC ifex 360” and “Bitcoin 360 ai” are not authorized “to carry out activities with virtual assets and to receive deposits or other repayable funds”.

According to a statement released today, the BdP indicated that “the alleged entities” “BTC Evex 360”, “BTC ifex 360” and “Bitcoin 360 ai”, operating “through a series of domains, namely ,,, are not currently, nor have they ever been, authorized to carry out, in Portugal, any financial activity reserved for institutions subject to the supervision of the Bank of Portugal”, namely, it warned, “activities with virtual assets and receiving deposits or other repayable funds”.

The BdP also warned that “on social networks, pages/publications of false content are circulating, involving public figures and/or the name of the Bank of Portugal, falsely associating them with virtual asset trading platforms”, advising “prior to joining any of these platforms” to “consult the list of entities registered with the Bank of Portugal that can carry out activities with virtual assets in national territory” and other information.

The BdP recalled that “activities with virtual assets”, provided for in Law 83/2017, of August 18, when they are “carried out in the name and on behalf of clients and by a person or entity acting in national territory”, can only “be carried out by entities that are duly registered with the Bank of Portugal”.

In addition, he pointed out, “the activity of receiving deposits or other repayable funds, provided for in article 4(1)(a) of the General Regime for Credit Institutions and Financial Companies (approved by Decree-Law no. 298/92 of December 31), is reserved for entities authorized to carry it out, in accordance with the provisions of article 10 of that law and whose list can be consulted on the Bank of Portugal’s website.”

Moti Shabi
Moti Shabi
Moti Shabi, CEO and founder of Portugal Pulse, has led career that spans multiple continents and industries. Born in Paris and later immigrating to Tel Aviv, Israel, Moti's background uniquely positions him at the intersection of European and Middle Eastern cultures. He holds a Law License from Ono College, reflecting his multifaceted interests in law, media, technology, and culture.    Moti's love affair with Portugal began in 2016 when he founded EASY NATIONALITY, an immigration office focused on aiding the Sephardic community in the wake of Portugal's law of return for Sephardic Jews. This endeavor demonstrated his commitment to creating meaningful social and cultural bridges.    In 2018, he launched Hadshot Portugal, the first-ever news website about Portugal in Hebrew. Recognizing the importance of bringing Portuguese culture and news to a broader audience, Moti took the step of immigrating to Lisbon in 2023, where he founded both Portugal Pulse and Portugal France. These platforms aim to offer comprehensive coverage of Portuguese news, events, and culture to the English and French-speaking worlds, respectively.    Moti's vision extends beyond news dissemination. He aspires to be an ambassador for Portuguese culture and to strengthen the connections among Portuguese diaspora communities worldwide. In pursuit of this ambitious goal, Moti founded Aliança Portugueses in 2021. Through this initiative, he aims to bring together Portuguese communities, creating a network of individuals and organizations bound by their love for Portugal.

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