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.
Since May 2022, Argentina’s central bank, the Banco Central de la República 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.
Multiple reports confirm that the BCRA is drafting a new framework that would allow banks to offer,
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.
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.
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.
Argentina is expected to approve its new crypto banking framework by April 2026, allowing banks to provide trading and custody services.
The move aims to make crypto safer, reduce use of informal platforms, support tax oversight, and give people better tools to protect savings.
Banks must follow strict KYC and AML rules, operate through separate legal units, and meet higher capital, security, and liquidity standards.
Users get safer access to trusted cryptocurrencies directly in bank apps, reducing risks from inflation and unregulated exchanges.
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