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Argentina Central Bank Mulls Letting Banks Back Into Crypto
According to a recent report by local news publication La Nacion, Banco Central de la República Argentina (BCRA), Argentina’s central bank, is weighing allowing traditional banks to trade crypto assets. The outlet cited “sources close to the organization.”
Although sources refused to reveal details or a timeline, an unidentified top crypto exchange operating in Argentina told La Nacion that the measure could be approved as early as April 2026.
Local experts and exchanges reportedly suggested that allowing domestic banks to access cryptocurrencies and offer digital asset services would usher in a new era of mass adoption in the nation.
Notably, Argentina’s crypto industry has been growing at a steady pace. Crypto users in Argentina deposited a substantial amount of crypto between July 2022 and June 2025, with inflows totaling $91 billion, Chainalysis reported in October.
 
Argentina’s Major Crypto Policy Reversal
The Banco Central de la República Argentina moved to ban financial institutions from offering crypto trading just days after two of the nation’s biggest banks announced they were opening their doors to digital assets in May 2022. At the time, the central bank said that such initiatives posed risks to customers and “to the financial system as a whole.”
Sources told La Nacion that new crypto rules are being drafted. There has been speculation about such a potential shift among crypto exchanges, banking officials, and individuals close to regulators for some time, the report noted.
The reported regulatory reform is consistent with a stance recently adopted by the Argentine government. Early this year, the country’s securities regulator finalized rules for virtual asset service providers, setting clear guidelines for the sector.
Argentina’s growing openness to cryptocurrencies follows a 2024 report that the government was working with El Salvador to learn from its experience with Bitcoin adoption and other cryptocurrency activities in an effort to bolster its frail economy.