Argentina's central bank is considering allowing banks to offer cryptocurrency trading services
2025-12-08 07:28:16
On December 8th, the Central Bank of Argentina (BCRA) is considering lifting the long-standing ban on the provision of cryptocurrency trading and custodial services by traditional Financial Institution Groups. This policy shift represents a major regulatory shift from explicit prohibition to management consolidation. The current BCRA regulations prohibit banks from offering or facilitating cryptocurrency trading, but the government of President Javier Milei is evaluating regulatory reforms to allow banks to officially enter the market under a strict new framework. The move is a pragmatic response to the reality that Argentines have become the world's most active cryptocurrency adopters, relying on Bitcoin and stablecoins to preserve their value due to chronic inflation and currency volatility.
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