Banco Galicia Becomes First Bank to Introduce Crypto Trading in Argentina
Banco Galicia, one of the largest financial institutions in Argentina, has introduced cryptocurrency trading as part of the services it is currently offering to customers. Users interested in investing in cryptocurrency are already able to purchase four different crypto assets directly from the home banking app of the financial institution, making it reportedly the first bank to offer this possibility to Argentinian customers. Banco Galicia Pioneers Crypto Trading for Banks in Argentina Banco Galicia, one of the biggest private banks in Argentina, has decided to complement its....
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Argentina’s largest bank has embraced crypto and will allow its customers to begin purchasing four crypto assets including Bitcoin through their accounts at the bank. Argentina’s largest and second-largest private banks, Banco Galicia and Brubank, have announced that they will allow customers to make crypto purchases.Bloomberg reported on May 2 that a resounding 60% of respondents to an Argentinian poll asked for more access to crypto, which catalyzed the banks’ decisions to begin allowing crypto trading. Affiliate at market research firm Americas Market Intelligence, Ignacio Carballo,....
Only four days have passed since two of Argentina’s biggest banks opened up to crypto trading but now the central bank has stepped in to block the offerings. The central bank of Argentina (BCRA) has put the kibosh on financial institutions offering crypto trading only days after two of the country's largest banks signaled they were opening up to digital assets.On May 5 the BCRA said the move was to mitigate the risks crypto poses to users and “to the financial system as a whole” citing crypto’s high volatility, use in money laundering and absence of regulatory safeguards.The news came hot....
Banco Galicia, the largest private bank in Argentina, is allowing its users to buy, sell, send and receive bitcoin on its mobile application.
The South American country Argentina’s central bank released a statement on Thursday saying that the country’s financial sector is not allowed to provide services related to digital assets that are not regulated. This effectively bans any crypto transactions within the official economy. The move is just days after Banco Galicia and Burbank SAU, the two […]
Unisend has announced it will once again enable Argentina-based users to fund exchange activities through bank transfers. The news comes roughly three months after the Argentinian bitcoin exchange abruptly lost its accounts with previous banking partners Banco Santander Rio and Banco Galicia, thereby limiting the company's service in what is arguably Latin America's most prominent bitcoin market. Founder and CTO Pablo Esterson said the announcement was the end result of months of effort by the seven-person company, which has needed to apply for new accounts while putting a new emphasis on....