Based on Cryptofrontnews, Argentina's central bank is considering allowing conventional banks to offer cryptocurrency trading and custody services under strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. The move aims to balance innovation with financial stability, responding to public demand for digital assets amid inflation and currency volatility. Currently, banks are prohibited from facilitating crypto transactions, but the proposed change would let them compete with existing exchanges while improving service quality and reducing costs. The initiative aligns with President Javier Milei’s pro-market policies and seeks to formalize crypto trading through banks, offering a regulated on-ramp for investors and enabling better oversight of crypto activity.
Argentina Considers Allowing Banks to Trade Crypto Under Strict AML/KYC Rules
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