Portugal's Bank BiG recently announced that it will block fiat currency transfers to cryptocurrency platforms. This move is to comply with the guidelines set by the European Central Bank and the Bank of Portugal, ensuring adherence to anti-money laundering and counter-terrorism financing laws. 💼

Although BiG's decision has sparked some controversy, it currently appears to be an isolated incident. Other banks, such as Caixa Geral de Depósitos, still allow fiat currency transfers to cryptocurrency platforms. 🔄

José Maria Macedo from Delphi Labs criticized BiG's actions, believing that this could encourage more people to shift their wealth to the blockchain. The future of cryptocurrency remains uncertain, but market participants need to stay vigilant. 📈