Crypto Tug Of War: President And Central Bank of Argentina Don’t See Eye To Eye
The President of Argentina, Alberto Fernández, shared his thoughts about crypto with Filo News, saying its properties as hard currency make it advantageous. The interview covered a multitude of topics, including his path into politics and the legalization of marijuana. But more surprising was President Fernández’s tentative endorsement of crypto. He sees it as a […]
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Miguel Pesce, president of the Central Bank of Argentina, hinted at some kind of regulation coming for bitcoin transactions soon. Yesterday, In a digital financial conference, Pesce also stressed that the bank was working to find effective ways of warning novice investors about the dangers of putting their savings behind cryptocurrencies like bitcoin. Central Bank of Argentina Hints at Regulating Bitcoin Transactions Miguel Pesce, the current president of the Central Bank of Argentina, hinted at a possible regulation for bitcoin and bitcoin transactions in a digital financial conference....
The Central Bank of Argentina has issued a new set of rules for operators of digital wallets in the country. Customers of companies like Uala, a wallet popular in Argentina, will now be qualified as financial users, having new protections similar to those offered by banks and other financial institutions.
Central Bank of Argentina Strengthens Digital Wallet Supervision
The rise of digital money and crypto in Argentina is causing regulators to pay attention. The Central Bank of Argentina recently issued a set of rules to heighten the level of protection users of popular digital....
The Central Bank of Argentina and government representatives have asked the Bitcoin community to join efforts to eradicate financial exclusion, transform the financial industry, promote financial opportunities, and reduce inflation. Officials made their request at the Latin America Bitcoin & Blockchain Conference (laBITconf), on November 5 in Buenos....
Argentina’s president is open to the idea of central bank digital currency but the country’s central bank head has rejected the idea. Argentina President Alberto Fernandez has indicated support for digital assets, asserting there is no reason to push back against the emerging asset class.During an interview with local media outlet, Caja Negra, on August 12, Fernandez responded to a question about whether he would consider exploring a central bank digital currency (CBDC), or even recognize Bitcoin as legal tender as El Salvador did earlier this year.“I don’t want to go too far out on a limb....
The Central Bank of Argentina has taken steps to ban private banks from offering cryptocurrency services to customers in the country. The action comes after two banks had started offering cryptocurrency purchasing services from their apps. The measure is said to be directed at mitigating risks associated with cryptocurrency assets.
Central Bank of Argentina Closes Banking Crypto Offers
The Central Bank of Argentina is tightening its permissive attitude when it comes to the links between cryptocurrency assets and private banks. The institution has issued a document that deals with....