Argentina's Central Bank cited volatility, money laundering and the lack of regulatory protections as reasons for blocking banks from offering #Bitcoin

Banks are prohibited from offering services for any digital assets not regulated by the central bank, and since there currently are no digital assets thus regulated, the move amounts to a de facto ban.

The announcement comes just days after Banco Galicia, the largest Argentinian private bank by market value, added the option to buy and sell cryptocurrencies on its platform. Also this week, domestic digital bank Brubank began offering similar services.

A source close to the matter told CoinDesk that as of Friday banks should no longer be offering customers the ability to buy and sell crypto.