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Argentina Drafts Plan to Let Banks Offer Crypto Services

Local reports point to a reversal of the 2022 banking ban under a tightly controlled framework, with a possible rollout as early as April 2026 still unconfirmed.

Overview

  • Sources cited by La Nación say the central bank is preparing rules that would allow commercial lenders to provide trading and custody of select digital assets.
  • Banks’ crypto operations would run through legally separate units with higher capital, security, and liquidity requirements under strict KYC/AML and CNV oversight.
  • Draft proposals reference an approved-asset list focused on major coins such as BTC, ETH, USDC, USDT, and XRP rather than a broad token menu.
  • Regulators aim to formalize widespread use of stablecoins during high inflation, improving tax collection, foreign‑exchange visibility, and on‑chain data quality.
  • Multiple outlets report internal planning around April 2026, while banks and exchanges prepare infrastructure as compliance costs and competitive effects remain open questions.