Argentina central bank keeps crypto banking ban, rules out near-term integration

  • Juan Curutchet ruled out near-term crypto integration across Argentina’s banking and payment channels.
  • $88.5 billion in crypto value reached Argentina during the 12 months ended June 30.
  • BCRA’s 2022 prohibition on financial institutions offering crypto services remains in force.

Argentina’s central bank continues to prohibit financial institutions from offering cryptocurrency services, despite the country’s high adoption and a possible future policy shift under a second Milei presidency. Juan Curutchet, Superintendent of Financial and Foreign Exchange Institutions at the Central Bank of Argentina (BCRA), said at an Argentine Payment Chamber event that no changes to crypto or digital-asset access in banking and payment channels were planned this year or in the near term. The comments do not create a regulatory framework, licensing process or implementation timetable. Argentina received more than $88.5 billion in crypto value during the 12 months ended June 30, according to Chainalysis, while banking groups continue developing institutional stablecoin projects through separate entities.

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