🇪🇸 Spanish, 23 October 2026, quantum-cryptography
Banco de España Signs Quantum Cryptography Cooperation Agreement with Banco de Portugal
The two banks aim to improve cybersecurity and address emerging risks in financial stability.
The Banco de España has announced an association with the Banco de Portugal to implement a cooperation program in post-quantum cryptography. This initiative, signed in Lisbon, aims to address emerging cybersecurity risks and improve financial stability. This collaboration highlights the proactive approach of banks to protect their operations against quantum computing threats.
The new agreement between the Banco de España and the Banco de Portugal focuses on establishing a framework for cooperation in post-quantum cryptography. This move comes at a time when the financial sector faces growing cybersecurity threats that may arise from advances in quantum computing. By working together, the two institutions aim to enhance their capabilities to address these emerging risks effectively.
The Memorandum of Understanding underscores the importance of collaboration in the face of evolving technological challenges.