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    Argentina To Lift 3-Year Crypto Ban as Central Bank Allows Banks to Offer Bitcoin Services

    Story Highlights
    • Argentina plans to end its three-year crypto ban, allowing banks to offer regulated services.

    • New framework lets banks provide Bitcoin trading and custody under strict KYC and AML rules.

    • Approval expected by April 2026, marking Argentina’s biggest step toward banking-crypto integration.

    Argentina, a nation where people use crypto as a daily tool to survive inflation, is considering lifting its 3-year ban on banks’ crypto activities, allowing trading and custody under a new regulatory framework. 

    If approved, Argentina’s central banks would finally be allowed to let customers buy, sell, and even store cryptocurrencies directly from their banking apps.

    Argentina’s Central Bank Eyes Crypto Services for Banks

    Since May 2022, Argentina’s central bank, the Banco Central de la Republica Argentina (BCRA), has maintained strict regulations prohibiting traditional banks from dealing with crypto. The goal was to reduce money-laundering risks and avoid financial instability.

    But under President Javier Milei, a known Bitcoin supporter, the country is rethinking that approach.

    Since taking office in December 2023, President Milei has pushed for more financial freedom and believes people should be free to use different currencies, including Bitcoin, without heavy government controls.

    What the New Framework Could Bring?

    Multiple reports confirm that the BCRA is drafting a new framework that would allow banks to offer,

    • Offer crypto trading
    • Provide crypto custody
    • List only major “blue-chip” coins like BTC, ETH, USDC, USDT, and XRP
    • Follow strict KYC/AML rules under new CNV regulations
    • Operate crypto services inside separate legal units with higher capital, security, and liquidity requirements

    Argentina is moving from banning crypto to fully regulating it, becoming one of the first inflation-hit countries to bring crypto into its banking system.

    Why Argentina Is Making This Move Now

    Crypto use in Argentina has grown very fast in the last three years. Many people turned to Bitcoin and stablecoins because the peso kept losing value.

    Inflation once hit 1,427% in 2023, and even now it stays above 2% each month, so families use crypto to protect their money.

    By letting banks offer crypto services, the BCRA wants to make crypto safer, reduce the use of informal platforms, improve tax tracking, and keep money flowing more smoothly in the economy.

    Approval Timeline: April 2026

    Experts familiar with the news believe the final green light may arrive around April 2026, but internal planning has already begun. 

    If completed, Argentina could become a global case study in how traditional banking and crypto can work together during an inflation crisis.

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