The Central Bank of Argentina (BCRA) has confirmed that the 2022 prohibition on financial institutions providing crypto services remains in effect, with no plans to integrate digital assets into the banking system in the short term. Juan Curutchet, head of financial and foreign exchange institution supervision at BCRA, stated that the country's current economic fragility is insufficient to support advancing such measures.
Any potential lifting of the ban will depend entirely on future economic conditions. Curutchet indicated that the integration of crypto assets into payment services may be reconsidered during a second Milei administration, contingent upon improved macroeconomic stability.
Argentina Central Bank Reaffirms Crypto Ban Citing Economic Fragility
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