Only four days have passed since two of Argentina’s biggest banks opened up to crypto trading but now the central bank has stepped in to block the offerings.
The central bank of Argentina (BCRA) has put the kibosh on financial institutions offering crypto trading only days after two of the country’s largest banks signaled they were opening up to digital assets.On May 5 the BCRA said the move was to mitigate the risks crypto poses to users and “to the financial system as a whole” citing crypto’s high volatility, use in money laundering and absence of regulatory safeguards.The news came hot on the heels of an announcement on Monday from two of the countries largest banks, Banco Galicia and Brubank, that they would allow their customers to purchase Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC) and Ripple (XRP).The decision to open crypto trading was decided by a poll conducted by Banco Galicia where 60% of respondents

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