Argentina considers lifting the ban, allowing banks to trade & custody crypto
The Central Bank of Argentina is considering lifting the cryptocurrency ban on banks, paving the way for financial institutions:
- Trading crypto,
- Providing custody services,
- Operating within an official legal framework.
This is a strong shift from “ban” to “regulation,” aimed at:
- Bringing the storage and trading of $BTC, stablecoins — which have become very popular among the public — into a compliance system,
- Enhancing KYC/AML,
- Improving tax collection capabilities.
If this policy is approved:
- Banks will compete directly with exchanges, potentially driving fees down,
- The entire crypto sector in Argentina could be significantly disrupted,
- But regulators still need to establish capital & liquidity risk standards to ensure system safety
$pippin $FHE $PIEVERSE
