- Banks could begin offering crypto services in 2026 under a major policy shift by Argentina’s Central Bank.
- Digital assets could transform everyday banking, creating new revenue streams and consumer benefits.
Argentina is preparing a major shift in its financial system as its Central Bank works on new rules to let banks offer cryptocurrency services by April 2026, La Nación reveals. The initiative is expected to reverse a previous ban that outlawed banks from making any crypto transactions for customers.
This policy change reflects President Javier Milei’s pro-crypto agenda. It also comes at a time when many Argentines are turning to digital assets to cope with the country’s economic crisis.
Chainalysis data ranks Argentina as one of the world’s leaders in grassroots crypto adoption. Triple-digit inflation, strict currency controls, and declining confidence in the peso drive the trend.
Between July 2023 and June 2024, the country saw $91 billion in on-chain transaction volume, the highest in Latin America. More than 60% of this activity involved stablecoins like USDT, as residents sought protection from ongoing currency devaluation.
If approved, the new framework could expand access, formalize crypto use, and strengthen Argentina’s position as a regional digital-asset leader.
See Related: Argentina Approves Bybit’s VASP Registration As Country Tightens Crypto Laws
Banks And Crypto: How Crypto Could Change Everyday Banking
According to Gabriel Campa, Head of Digital Assets at Towerbank in Argentina, the shift could give consumers faster, more flexible financial options, while banks gain new revenue streams.
Campa shared in a statement, “Many banks are prepared to enter the cryptocurrency services market.” He added that some banks have even finalized the software needed and are only waiting on regulatory approval.
However, experts caution that crypto’s price volatility, fraud risk, and regulatory uncertainty may require careful planning. If done right, crypto banking could increase financial inclusion.
