The move comes just just days after two banks in Argentina said they had opened up crypto trading to their clients.
today that financial institutions cannot enable their clients to carry out operations using digital assets, just days after two banks said they had opened up crypto trading to their clients.announced they would offer crypto
trading to customers through the investment portals on their websites. But now, the central bank said that financial entities in the country cannot allow this kind of service since crypto assets are not regulated. Argentina's central bank defines digital assets as"a digital representation of value or rights that are transferred and stored electronically using Distributed Ledger Technology or other similar technology.”
"The measure ordered by the Board of Directors of the BCRA seeks to mitigate the risks associated with operations with these assets that could be generated for users of financial services, and for the financial system as a whole," the central bank statement reads. Some Argentines have embraced crypto as a way to more easily save money while dealing with the country'sBut in March, Argentina's governmentas part of a nearly $45 billion debt restructuring deal with the International Monetary Fund .
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