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Argentina's Central Bank rules out crypto banking integration for two years
Argentina’s Central Bank announced it will not allow crypto integration into payment service providers or the banking sector for the next two years. Superintendent Juan Curutchet said at an Argentine Payment Chamber event that no changes to crypto or digital‑asset rules will occur this year. He added that a possible deregulation could be considered only during a hypothetical second term of President Milei. The statement confirms that the 2022 ban on financial institutions offering crypto services remains in force. Bank sources had previously leaked drafts to permit crypto services, but the central bank rejected those plans. Banking groups are creating stable‑coin projects through separate companies to comply with the ban. Chainalysis data shows Argentina received over $88.5 billion in crypto value in the 12 months ending June 30, making it the second‑largest crypto hub in Latin America.