The Central Bank of Argentina is considering allowing traditional banks to trade cryptocurrencies.

According to Odaily Planet Daily, the Central Bank of Argentina (Banco Central de la República Argentina, BCRA) is considering allowing traditional financial institutions to offer cryptocurrency services again, which could mark a significant shift from the 2022 ban.

The ban was issued by the BCRA in May 2022, days after Argentina's two largest banks announced they would open their services to digital assets. At the time, the BCRA considered such moves to pose a risk to users and "the entire financial system." The report, citing sources close to the BCRA, stated that new cryptocurrency rules are being drafted. Representatives of local exchanges believe the measure could be approved as early as April 2026. This potential regulatory shift aligns with recent trends in the Argentine government, whose securities regulator finalized rules for Virtual Asset Service Providers (VASPs) in mid-March 2024, requiring cryptocurrency service providers to register starting in April 2024.