Argentina’s central bank steps in to block new crypto offerings from banks

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Argentina’s central bank steps in to block new crypto offerings from banks
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Argentina’s crypto plans have been put on hold after its central bank stepped in to stop recent offerings from two of the largest financial institutions in the country.

The decision to open crypto trading was decided by a poll conducted by Banco Galicia where 60% of respondents said they wanted easier access to digital currencies.to the public in May last year on the risks, warning once again of concerns around volatility and money laundering despite the bank saying there were not yet signs of “significant levels of acceptance and use.

Argentina’s inflation rose another 6.7% in March — the highest rate in 20 years — to hit 55.1% year-over-year

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