The Central Bank of the Argentine Republic (BCRA) recently announced that payment platforms, such as Ualá and Mercado Libre, are now prohibited from offering digital assets such as Bitcoin to customers in order to safeguard them from potential risks. This means that customers will no longer be able to buy Bitcoin through these platforms, and will have to seek out alternative methods to purchase it. Similarly, while cryptos have been gaining traction in the South American nation due to its high inflation rates, they are not regulated by the BCRA, which could be a cause for concern. However, despite this, Argentineans still remain enthusiastic about the benefits of cryptocurrency, with LastBitConf having proven a major success and the nation ranking 13th on Chainalysis' Global Crypto Adoption Index.
Kate Moore
- 2023-05-05
Argentine Central Bank Outlaws Bitcoin Purchases
The Central Bank of the Argentine Republic (BCRA) recently announced that payment platforms, such as Ualá and Mercado Libre, will be prohibited from offering digital assets such as Bitcoin to customers in order to safeguard them from potential risks.
