Argentina May Reverse IMF-Linked Crypto Ban to Modernize Banking Sector

• Argentina’s Central Bank (BCRA) is evaluating a framework to lift the 2022 prohibition on banks offering crypto assets, replacing “exclusion” with “supervision.”
• The original ban was a concession to the IMF during debt restructuring; its reversal signals a shift toward financial deregulation.
• Major banks like Banco Galicia could immediately deploy Bitcoin and stablecoin services to millions of existing account holders.

Argentina’s central bank is actively evaluating the repeal of its 2022 prohibition on cryptocurrency services within the commercial banking sector, a move that would reopen the institutional gateway for trading and custody of Bitcoin and stablecoins.

From Prohibition to Supervision: A New Regulatory Framework

The discussions display an effort to replace the earlier restriction with a framework that falls under regulatory oversight rather than …

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