Latin America’s Bitcoin Payment Barrier: Argentina Bans

The Central Bank of Argentina (BCRA) has imposed several restrictions to reduce the use of digital assets in the country’s payment systems.

BCRA In a statement published on its official website on May 4, the country’s in payment systems payment providers to reduce the use of crypto-assets crypto- prohibited from presenting transactions. Your decision, the country’s fragile the financial sector It was claimed that it was taken for protection.

The central bank, official And special payment organizations only in their services “authorized by the central bank” He said he can use cryptocurrencies. However, the central bank has any a cryptocurrency you do not authorize underlined that this decision indirectly the use of cryptocurrencies in payment systems it means ban attention was drawn.

On the other hand, operating in various financial lobbies against the decision their reactions expressed. Argentina Fintech Room via his official social media account. in the statementthe country’s crypto adoption about leader Underlining that it is one of the countries in the world, the decision taken is one of the hinder progress stated that it might.


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