In a big move, Portugal’s Central Bank has granted operating licenses to two cryptocurrency exchanges. This is the first time that the central bank has made such a decision.
This development brings positive news for crypto exchanges that have been battling regulatory concerns in many countries.
Cryptocurrencies were seen as a fringe technology till a few years ago, but regulators are now taking a closer look. Even as Latin America and some European nations embrace Bitcoin, Southeast Asia is clamping down on cryptocurrencies.
What is the road ahead for cryptocurrencies?