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Argentina Mulls Crypto Ban Lift for Banks
10 Dec
Summary
- Argentina's central bank is considering lifting a crypto ban on banks.
- New rules could allow banks to offer digital asset services by April 2026.
- Argentina ranks 15th globally for active crypto users with 10 million.
The Central Bank of Argentina (BCRA) is reportedly considering lifting its prohibition on banks offering cryptocurrency services. Sources suggest that new regulations could be finalized as early as April 2026, potentially allowing financial institutions to engage with digital assets for their clients.
This development follows a shift towards a more crypto-friendly approach since President Javier Milei's administration began in 2023. Argentina has demonstrated strong grassroots adoption of cryptocurrencies, with an estimated 10 million active users, placing it 15th worldwide.
The country's significant on-chain transaction volume and the widespread use of stablecoins highlight the growing importance of digital assets in Argentina's economy, especially amid economic challenges.
