📢 Argentina's central bank takes strong action! E-wallets are now fully banned from buying and selling cryptocurrencies 🚫🪙
The Central Bank of Argentina (BCRA) has issued an official announcement, declaring a crypto-asset ban for e-wallets and payment service providers (PSPCP)!
Key takeaways:
* ❌ One-tap in-app coin purchases are gone: payment institutions may not offer unregulated cryptocurrency transactions, and even the "quick buy" buttons in apps or on websites are completely disabled.
* 🏛️ Regulatory standards now match traditional banks: as early as May 2022, traditional banks were already prohibited from dealing in cryptocurrencies, and this new rule directly brings e-wallets under the same regulations.
* ⚠️ Official risk control: the central bank said this move is intended to protect financial consumers and reduce the impact of digital asset volatility on the country's payment system.
* 💡 If you want to buy, you have to do it yourself: the policy only restricts payment platforms from assisting or handling it on your behalf; if people need to do so, they must use other compliant channels on their own.
At the time, Argentina was facing high inflation, and many people used e-wallets to buy stablecoins as a hedge against inflation. This ban directly cut off the most convenient "peso-to-crypto with one tap" channel!#阿根廷央行不推加密入银行支付
$BTC
$ETH
The Central Bank of Argentina (BCRA) has issued an official announcement, declaring a crypto-asset ban for e-wallets and payment service providers (PSPCP)!
Key takeaways:
* ❌ One-tap in-app coin purchases are gone: payment institutions may not offer unregulated cryptocurrency transactions, and even the "quick buy" buttons in apps or on websites are completely disabled.
* 🏛️ Regulatory standards now match traditional banks: as early as May 2022, traditional banks were already prohibited from dealing in cryptocurrencies, and this new rule directly brings e-wallets under the same regulations.
* ⚠️ Official risk control: the central bank said this move is intended to protect financial consumers and reduce the impact of digital asset volatility on the country's payment system.
* 💡 If you want to buy, you have to do it yourself: the policy only restricts payment platforms from assisting or handling it on your behalf; if people need to do so, they must use other compliant channels on their own.
At the time, Argentina was facing high inflation, and many people used e-wallets to buy stablecoins as a hedge against inflation. This ban directly cut off the most convenient "peso-to-crypto with one tap" channel!#阿根廷央行不推加密入银行支付
$BTC
$ETH
