bcra

The Central Bank of Argentina (BCRA) is considering lifting the long-standing ban on traditional financial institutions providing cryptocurrency trading and custody services. This policy shift represents a significant regulatory adjustment from outright prohibition to managed integration.Currently, BCRA regulations prohibit banks from offering or facilitating cryptocurrency trading, but President Javier Milei's government is evaluating regulatory reforms to allow banks to formally enter the market under a strict new framework. This move is a pragmatic response to the reality that Argentinians have become some of the most active cryptocurrency adopters globally, relying on Bitcoin and stablecoins for value preservation due to long-standing inflation and currency volatility.

ChainCatcher news, the Central Bank of Argentina (BCRA) announced a ban on payment platforms providing customers with digital assets such as Bitcoin. The announcement stated that this move aims to mitigate the risks that operating with crypto assets may pose to users of financial services and the national payment system.Previously, in May 2021, the Central Bank of Argentina and the National Securities Commission (CNV) issued an alert regarding crypto assets and advised investors to exercise caution. (source link)