Argentina’s Banks Poised to Integrate Cryptocurrencies, Paving Way for Widespread Adoption

Argentina’s central bank could revolutionize its financial system by paving the way for cryptocurrencies.

Indeed, according to several sources, the BCRA is considering allowing traditional banks and financial institutions to offer crypto services, ranging from trading to asset custody.

This initiative would aim to regulate crypto in a structured way, while effectively addressing customer verification and taxation issues.

Argentina opens cryptocurrencies to banks

According to La Nación, the Central Bank of Argentina could soon authorize traditional banks to trade cryptocurrencies, according to sources close to the institution. While the timeline remains unclear, a major local crypto platform estimates that this measure could take effect as early as April 2026.

Experts and local exchanges emphasize that this opening of banks to crypto services could mark the beginning of widespread cryptocurrency adoption in Argentina. The country’s crypto industry is already growing steadily. Indeed, between July 2022 and June 2025, crypto deposits reached $91 billion, according to Chainalysis.

This initiative is based on clear and practical objectives. The central bank aims to improve KYC and anti-money laundering procedures. By regulating crypto activities through authorized financial institutions, the authorities would gain greater transparency.

Furthermore, this approach would greatly facilitate the taxation of cryptocurrency transactions, allowing the government to collect its revenue more efficiently.

A turnaround with new regulations in Argentina

In May 2022, the Central Bank of Argentina quickly banned banks from offering crypto trading services, just days after two major local banks announced their openness to digital assets, citing risks to customers and the financial system.

Today, new crypto rules are being prepared, according to La Nación, confirming rumors that had recently been circulating among exchanges, bankers and those close to regulators.

This initiative aligns with the recent policy of the Argentine government, which earlier this year established clear guidelines for virtual asset service providers. The country’s gradual opening to cryptocurrencies also reflects a desire to leverage El Salvador’s experience with Bitcoin to support its still-fragile national economy.

A revolution for Latin America?

Argentina’s approach is being closely watched. If successful, it could become a model for other emerging economies facing high cryptocurrency adoption and regulatory gaps.

By leveraging its existing financial infrastructure for crypto services, the country is attempting a unique hybrid model. This promises greater control for regulators and simplified compliance for users, potentially setting a powerful precedent for the pragmatic integration of cryptocurrencies globally.

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(Featured image by Nair Cristopher Sánchez Muñoz via Pexels)

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First published in ActuFINANCE. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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