Company Digital Wallet reinforces Portugal's image as “most modern jurisdiction”’ (with Gonçalo Mimoso)

«It is an ‘administrative simplification mechanism’ that allows ‘streamlining processes and reducing administrative costs,’ says Gonçalo Mimoso, an Associate at SRS Legal.

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Therefore, ‘if we analyse this tool in terms of administrative simplification, it seems to be, for now, beneficial overall,’ says the SRS lawyer. However, he notes, ‘if this initiative leads to the creation of a new layer of digital regulation, which does not seem to be the case, the purpose of this measure will be lost: the goal is to simplify, not to centralise and reinforce bureaucracy.’

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‘If the initiative leads to the creation of a new digital regulatory layer, which does not seem to be the case, the purpose of the measure will be undermined.’»

Translated with DeepL.com (free version)