Argentina Moves to Lift Ban on Banks Handling Crypto

Argentina’s Central Bank (BCRA) is considering lifting its ban on banks’ involvement in crypto, allowing them to trade and hold digital assets under a new regulatory framework. The move would shift from prohibition to regulated oversight, ensuring Bitcoin and stablecoins comply with KYC and AML rules. Approved plans could let banks compete with local crypto exchanges, potentially lowering fees for users. Banks would also need to implement new capital and liquidity measures to manage the risks associated with offering crypto services.

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