The Central Bank of Argentina is contemplating lifting its ban on banks offering cryptocurrency services, signaling a shift from prohibition to regulatory inclusion. This move aims to integrate the widespread use of Bitcoin and stablecoins for savings and transactions into a compliant framework, enhancing KYC/AML measures and improving tax traceability. If implemented, banks may directly compete with local exchanges, potentially reducing fees and reshaping the industry. However, regulatory standards for capital and liquidity risks are necessary to ensure system stability.
Argentine Central Bank Considers Lifting Ban on Bank Crypto Services
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