COINOTAG News reports that the Central Bank of Argentina (BCRA) is weighing the removal of the long-standing ban on crypto trading and custody services by traditional banks, signaling a shift toward regulated integration in Argentina’s Argentina crypto regulation landscape.
Under current rules, the BCRA prohibits banks from facilitating client crypto transactions, a policy intended to curb risk and suppress unregulated actors.
The Mille administration’s pro-market approach underpins plans to let banks enter the sector under a rigorous oversight regime as part of the broader digital assets policy.
Argentines have long used Bitcoin and stablecoins to hedge peso volatility, so formalizing crypto activity aims to bring substantial on-chain volume into the regulated banking system.
Should banks enter the space, their scale and customer reach could shift the local crypto ecosystem, intensifying competition with independent VASPs and native exchanges.
Source: https://en.coinotag.com/breakingnews/bitcoin-in-focus-as-argentinas-central-bank-considers-lifting-banks-crypto-trading-and-custody-ban
