Cointime

Download App
iOS & Android

Argentina's Central Bank Tightens Grip on Crypto Transactions, Prohibiting Some Companies from Certain Activities

Argentina's central bank has issued new guidance that prohibits registered payment service providers from carrying out or facilitating operations with digital assets that are not regulated and authorized by the central bank. The rules appear to target "automatic purchase buttons," and interested users who want to conduct such transactions "should do it on their own accord." The central bank said that the new measure aimed to "mitigate the risks that operations with these assets could generate for users of financial services and the national payment system."

However, Bitcoin Argentina NGO has called the measure surprising and arbitrary, and said it would promote informal solutions where the risks and costs are much greater for the saver. Some companies, such as Binance and Bitso, have stated that they are not affected by the new regulations.

Comments

All Comments

Recommended for you