Argentina's Central Bank Set to Greenlight Crypto Services for Domestic Banks
Argentina's Central Bank is drafting rules to allow local banks to offer digital asset services by April 2026.Summary
The Central Bank of Argentina (BCRA) is reportedly preparing new regulations that would permit domestic banks to offer cryptocurrency-related services to their account holders as early as April 2026. This move signals a significant shift from a previous law that prohibited banks from facilitating crypto operations for clients, aligning with the more crypto-friendly stance adopted since Javier Milei took office in 2023. This development is expected to boost crypto adoption in Argentina, which already leads globally in grassroots adoption due to severe economic issues like triple-digit inflation and capital controls. Argentines heavily use stablecoins to protect savings against devaluation, with the country recording $91 billion in on-chain transaction volume between July 2023 and June 2024, making it the most active crypto market in Latin America.
(Source：CoinDesk)