Argentina Bans Banks From Offering Bitcoin

  • The central bank of Argentina has banned financial institutions from offering any services involving cryptocurrencies like bitcoin.
  • The ban comes days after the largest private bank in Argentina announced it would begin offering such services to its clients.
  • An alert released from the central bank last year showed its reluctance to cryptocurrencies, also exhibited in today’s ban.

The Central Bank of the Argentine Republic (BCRA) announced in a Thursday statement that financial institutions in the country are banned from offering clients any services involving Bitcoin or other cryptocurrencies.