According to a notification shared by José Maria Macedo, co-founder of Delphi Labs, one of Portugal's largest banks, Investimentos Globais (BiG), has begun to block fiat currency transfers to cryptocurrency platforms. The notification states that this move is to comply with guidelines issued by the European Central Bank (ECB), the European Banking Authority (EBA), and the Bank of Portugal regarding the provision of digital asset risks. Furthermore, this decision is made to ensure compliance with the country's anti-money laundering and anti-terrorism financing laws.
BiG reported that assets under management reached nearly 7 billion euros in 2023, equivalent to about 7.2 billion dollars.
It is noteworthy that this situation is currently an exception. A user commented on Macedo's publication stating that it is still possible to make fiat transfers to cryptocurrency platforms using Portugal's largest bank, Caixa Geral de Depósitos.

Macedo criticized BiG's actions, stating: 'Cryptocurrency is inevitable, banks have been eliminated, and these abuses of power will only lead more people to shift their wealth onto the chain.'