Argentina bans banks from offering Bitcoin

  • Argentina’s central bank has banned financial institutions from offering services involving cryptocurrencies like bitcoin.
  • The ban comes days after Argentina’s largest private bank announced it would start offering such services to its customers.
  • A warning issued by the central bank last year showed its reluctance towards cryptocurrencies, also on display in today’s ban.

The Central Bank of the Argentine Republic (BCRA) announced in a statement on Thursday that financial institutions in the country are prohibited from offering their customers services involving bitcoins or other cryptocurrencies.

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