Argentina’s Largest Private Bank Now Allows Users To Buy Bitcoin

Argentina’s Largest Private Bank Now Allows Users To Buy Bitcoin

Banco Galicia, the largest private bank in Argentina, is allowing its users to buy, sell, send and receive bitcoin on its mobile application.Banco Galicia is the largest private bank in Argentina by market share and recently announced it will allow its customers to invest in bitcoin and other cryptocurrencies.Argentina is suffering from hyper-inflation as inflation hit a 20 year high just a few weeks ago.Strike, a bitcoin payment infrastructure company, launched in Argentina earlier this year. Banco Galicia (Nasdaq: GGAL), the largest Argentinian private bank, confirmed that it will allow....


Related News

Central Bank Of Argentina Bans Banks From Offering Bitcoin, Crypto Services

The ban comes just a few days after Argentina’s largest private bank announced it would start offering bitcoin to clients.

Argentina’s central bank steps in to block new crypto offerings from banks

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....

Argentina's largest two banks to allow crypto trading

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,....

Argentina carries out crypto wallet seizures linked to tax delinquents

Argentinian tax dodgers are seeing their cryptocurrency wallets seized by the local tax authority. Argentina’s tax authority has seized more than 1,000 cryptocurrency wallets linked to delinquent taxpayers in the country.According to a report from local media outlet iProUP, courts across Argentina authorized the seizure of 1,269 cryptocurrency wallets belonging to citizens with outstanding debt to Argentina’s Federal Administration of Public Income (AFIP).AFIP signaled its intent to go after cryptocurrency wallets belonging to tax delinquents in May, ordering cryptocurrency exchanges and....

Southeast Asia’s Largest Bank DBS Launches Trust Service for Cryptocurrencies

DBS Group, Southeast Asia’s largest bank, has launched a trust service for cryptocurrencies for its private banking clients. The service allows clients to invest, store, and manage their cryptocurrencies in a safe, secure, and structured manner, the bank explained. DBS’ New Cryptocurrency Trust Service DBS Group said Friday that its private banking arm, DBS Private Bank, has started offering a trust service for cryptocurrencies. The service allows private banking clients to invest, store, and manage their cryptocurrencies in a safe, secure, and structured manner, DBS Group....