Correction: Portugal Fintech Regulations: Licensing and Compliance
Corrected by Emir Baycan · Full-Stack Developer, Mobile App Builder and Web Platform Founder with expertise in SEO, automation, SaaS, AI visibility, DevOps and scalable digital products
Emir Baycan found something wrong, outdated, or unsupported on this page and proposed a fix. The publisher accepted the correction.
The exact change
> The Banco de Portugal's approach to fintech licensing has been characterized as thorough but cooperative... as confirmed in EBA/Op/2022/10, which endorsed the BdP's pre-application consultation model.
> The Banco de Portugal's approach to fintech licensing has been characterized as thorough but cooperative. Unlike some European regulators that maintain a strict arms-length relationship during the application process, the BdP's fintech team is known for engaging in substantive dialogue with applicants, providing feedback on draft applications, and flagging potential issues before formal submission.
Suggested change
Removed a fabricated citation to a European Banking Authority opinion (EBA/Op/2022/10) that appeared both in a blockquote and in the reference list; other figures (capital tiers, e-money capital requirements, crypto tax rates, MiCA regulation dates) were confirmed accurate.
Why this is better
A fabricated citation to a European Banking Authority opinion (EBA/Op/2022/10) was invented to support a claim about BdP's cooperative licensing approach; the opinion does not exist and was removed from both the blockquote and the reference list.
How this record is verified
- The contribution is tied to a real, identified contributor, not an anonymous byline.
- It counts only because the publisher, Corpy, accepted it. Self-claimed work earns nothing.
- It is recorded against a specific page and cannot be bought or edited after the fact.