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.The central bank of Argentina has banned financial institutions from offering any services involving cryptocurrencies like bitcoin. The ban comes days after the largest private bank in Argentina announced it would begin offering such services to its clients. An alert released from the central bank last year showed its reluctance to cryptocurrencies, also exhibited in today’s ban. The Central Bank of the Argentine Republic (BCRA) announced in a Thursday statement that....
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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.
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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....