According to Foresight News, according to Crypto News, Argentine electronic bank Uala was asked to suspend cryptocurrency business and customers must sell their assets within 30 days. Uala currently has 300,000 users holding cryptocurrencies. Previously, it launched crypto trading services in November last year.

Foresight News previously reported that on May 6, the Central Bank of Argentina banned payment platforms from providing digital assets such as Bitcoin to customers, saying that the move was aimed at mitigating the risks that operating with encrypted assets may bring to financial service users and the national payment system.