BiG halts crypto transfers citing compliance

Banco de Investimentos Globais (BiG), one of Portugal’s largest banks, has blocked fiat transfers to crypto platforms, citing EU and Bank of Portugal guidelines on digital asset risks and anti-money laundering laws. Other Portuguese banks, like Caixa Geral de Depósitos, continue allowing such transfers. Critics argue the move may push more users toward blockchain solutions, CryptoSlate has reported.