Argentina's Central Bank Bans Lenders From Offering Crypto Services | CoinDeskwww.coindesk.com/policy/2022/05/05/argentinas-central-bank-bans-lenders-from-offering-crypto-services/
65 sats \ 10 comments \ @cryptocoin 6 May 2022 bitcoin
write
preview
related posts
20 sats \ 2 replies \ @andr3 6 May 2022
Where else have I seen this.... https://bitcoinmagazine.com/.amp/markets/ukraine-bans-bitcoin-purchases-with-national-currency
reply
15 sats \ 1 reply \ @KenyaCoin 7 May 2022
Also, Uganda:
BoU blacklists cryptocurrency in Uganda https://www.monitor.co.ug/uganda/news/national/bou-blacklists-cryptocurrency-in-uganda-3801586
reply
25 sats \ 0 replies \ @andr3 7 May 2022
Smh didn't even know about this one!
reply
20 sats \ 0 replies \ @Majjin 6 May 2022
The IMF is scared to death of Bitcoin. They should be. I wonder how far they will go...
reply
0 sats \ 2 replies \ @cryptocoin OP 6 May 2022
Argentina's Central Bank cited volatility, money laundering and the lack of regulatory protections as reasons for blocking banks from offering #Bitcoin
reply
11 sats \ 1 reply \ @cryptocoin OP 6 May 2022
IMF was able to make Argentina bend to its will due to the $45 billion debt restructuring deal they made in March, which Argentina pleged to discourage the use of crypto. Now the Central Bank suddenly realized crypto isn't regulated and stopped it. IMF always against crypto
reply
20 sats \ 0 replies \ @Majjin 6 May 2022
Here's the original report from Fortune about the IMF's ultimatum: https://fortune.com/2022/03/18/crypto-argentina-imf-bailout-deal-loan/
reply
2 sats \ 2 replies \ @cryptocoin OP 6 May 2022
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.
reply
0 sats \ 1 reply \ @cryptocoin OP 6 May 2022
An archive of the article, which can be easier to read:
Argentina's Central Bank Bans Lenders From Offering Crypto Services https://archive.ph/KL0IL
reply
1 sat \ 0 replies \ @cryptocoin OP 6 May 2022
There's another post, here on SN, on the IMF bailout deal with Argentina:
Argentina's Central Bank has blocked banks from offering Bitcoin just days after the nation's 2 biggest banks announced plans for Bitcoin services. (could be linked to the IMF baillout in March 2022 - link attached) #25845 https://finance.yahoo.com/news/argentina-imf-bailout-deal-includes-190748787.html
reply