- Central bank considers lifting crypto ban on financial institutions.
- Potential shift from prohibition to regulation.
- Implications for Argentina’s financial ecosystem.
The Central Bank of Argentina (BCRA) is contemplating regulatory reforms to allow traditional banks to offer cryptocurrency services, marking a potential shift in financial regulation.
This potential reform addresses Argentina’s economic challenges, driving domestic cryptocurrency demand. Bank involvement could reshape the financial landscape, impacting existing crypto businesses.
Argentina’s Financial Sector Poised for Digital Transformation
The BCRA is exploring the introduction of cryptocurrency-related services within traditional banks to manage the burgeoning informal crypto trade in Argentina. Current regulations prohibit banks from dealing with cryptocurrencies without BCRA authorization, aiming to curb unregulated financial activities.
If formalized, this move would allow banks to offer crypto services under a new regulated framework, aligning with President Milei’s pro-cryptocurrency economic policies. This integration seeks to shift the vast crypto trading volume in the shadow market into the formal banking system.
Changing Policies Reflect Global Crypto Adoption Trends
Did you know? In 2022, the BCRA banned banks from engaging in crypto activities, citing volatility and fraud risks. Revisiting this policy now points to evolving views on financial innovation.
According to CoinMarketCap, Bitcoin (BTC) is currently priced at $91,460.64 with a market cap of $1.83 trillion. Despite recent price fluctuations—1.93% in 24 hours and a decline of 19.09% over the past 90 days—Bitcoin remains a dominant digital asset, holding 58.64% of the market.
Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 07:02 UTC on December 8, 2025. Source: CoinMarketCapCoincu analysts suggest that the potential bank integration into the crypto market could spur greater financial stability and liquidity in Argentina’s crypto economy. Historical trends reveal that regulated bank involvement generally leads to increased investor confidence and market growth.
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Source: https://coincu.com/news/argentina-considers-lifting-crypto-ban/
