Argentina considers lifting ban, allowing banks to trade and custody cryptocurrencies

Argentina’s central bank is considering lifting its ban on banks’ cryptocurrency operations, paving the way for digital asset trading and custody under a new regulatory framework. The move marks a shift from a prohibitionist approach to oversight, aiming to bring the use of BTC and stablecoins into compliance while also strengthening KYC/AML requirements.

If approved, banks could compete directly with domestic exchanges, helping to reduce fees for users. However, they would have to meet new capital and liquidity standards to better manage risks.

The reform plan is seen as an important step in legalizing and standardizing the cryptocurrency market in Argentina, amid a surge in demand for digital assets due to persistent inflation.

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