According to José Maria Macedo, co-founder of Delphi Labs, Portugal's major bank Banco of Investimentos Globais (BiG) has begun to block transfers of fiat currency to cryptocurrency platforms. BiG stated that this move is to comply with the risk guidelines regarding digital assets issued by the European Central Bank (ECB), the European Banking Authority (EBA), and the Bank of Portugal, while ensuring compliance with anti-money laundering and anti-terrorist financing laws. It is reported that BiG managed assets close to 7 billion euros in 2023. Notably, this restriction currently only applies to BiG, and Portugal's largest bank Caixa Geral de Depósitos has not yet taken similar measures. (Cryptoslate)