The overarching goal is to curb informal crypto activity by channeling it into regulated, monitored systems to bolster consumer protection and financial stability.

The plan follows 2024 rules that require virtual asset service providers to register with the National Securities Commission, establishing initial oversight.

The reforms aim to bring Bitcoin, stablecoins and other digital assets into the formal system through regulated channels.

Regulators are weighing risk controls, reporting standards, and which assets would be allowed, including major cryptocurrencies and dollar-linked stablecoins.

The policy push emphasizes stricter KYC and AML standards to align crypto activity with traditional financial regulation.

Argentina is considering a major regulatory shift to allow banks to offer Bitcoin and other crypto services, moving from prohibition to controlled participation.

Draft rules are in the works with no firm deadline, but local sources say the measure could be approved as early as spring 2026.

Banks would operate crypto services via integrated apps and separate legal units, with enhanced capital, security, liquidity, and stricter KYC/AML under oversight.

A phased approach is expected, with rules for banks participating in crypto anticipated in 2026.

The framework, still in draft, seeks to specify eligible assets and establish governance for bank-backed crypto activities.

Approved assets would likely include Bitcoin, Ethereum, USDC, USDT, and XRP, with banks gaining trading and custody capabilities.

Banks would comply with CNV rules and operate through legally separate units, meeting higher capital, security, and liquidity requirements and strict KYC/AML.