Search Results for: Central Bank of the Argentine Republic

The Central Bank of Argentina has prohibited payment providers from facilitating crypto transactions to minimize the country’s payment system exposure to digital assets. This decision affects all coins and tokens in Argentina, potentially impacting the nation’s growing crypto industry amidst ongoing economic crisis and hyperinflation. Argentina’s fintech community remains skeptical about this stance.

Argentina’s central bank bans payment platforms from offering cryptocurrencies, impacting companies like Ualá and Mercado Libre. Amidst high inflation, the clampdown aims to mitigate risks and protect customers, potentially limiting Argentinians seeking to safeguard savings amidst economic turmoil.