Central Bank of Argentina Bans Private Banks From Offering Cryptocurrency Ser...
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....
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The ban comes just a few days after Argentina’s largest private bank announced it would start offering bitcoin to clients.
The Central Bank of Argentina has announced it is making inquiries regarding cryptocurrency investment companies. Specifically, the bank stated they are investigating companies that are offering extraordinary returns with cryptocurrency investments, which are not reasonable. These companies could be operating as Ponzi schemes, according to the bank, and it is currently examining the possibility of taking legal action against them.
Central Bank of Argentina Investigates Crypto Investment Companies
The Central Bank of Argentina issued a statement yesterday explaining the actions....
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....
As cryptocurrencies keep gaining adoption in Argentina, there are discussions on how the national regulatory bodies should regulate the industry. The Central Bank of Argentina (BCRA) seems to have taken a step forward in making the picture clearer. Banks Should Provide Data Such as National Identification Numbers and Home Addresses According to Infobae, the BCRA asked domestic banks to forward them information about its customers who deal with bitcoin (BTC) and perform any other kind of crypto transactions. The measure aims to evaluate whether the crypto market “should be required....