The Central Bank of Argentina (BCRA) is contemplating lifting its ban on banks offering cryptocurrency trading and custody services, according to reports on December 8. This potential policy shift, driven by Argentina's economic conditions and rising demand for digital assets, would transition from a ban to a regulated framework. Under the government of President Javier Milei, known for its market-oriented and crypto-friendly stance, the new regulations would allow banks to enter the crypto market under strict guidelines. This move aims to integrate the extensive cryptocurrency trading activity into the formal banking system, enhancing investor protection and compliance with KYC and AML standards, while also facilitating better tracking and taxation of crypto assets.
Argentina Considers Allowing Banks to Offer Crypto Trading
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