2025-12-08 07:08:55

There’s some interesting news coming out of Argentina—the central bank is preparing to ease up, and the previous ban on banks dealing with crypto business might be lifted.

Reportedly, they plan to open the door for banks to legally conduct crypto trading and custody services under new regulatory rules. This is quite a shift in attitude, moving from an outright ban to “set the rules and let you operate.”

In fact, locals have long been using Bitcoin and stablecoins as savings and remittance tools. Now, the authorities want to bring these underground activities into the open and regulate them, mainly to keep a closer eye on money laundering risks and enforce identity verification (KYC) and anti-money laundering (AML) processes.

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CryptoCross-TalkClub

· 21h ago

Laughing out loud, Argentina has been forced by inflation, now even the Central Bank has to pass cigarettes to Bitcoin. Banks used to refuse to touch it at all, but now they suddenly want to legitimize custody, and the contrast is incredible—basically, the common people have already been using it, and the authorities are only forced to come out and admit it. That KYC system is real, after all, it’s necessary to let regulators keep control of this, so that in the end, money laundering doesn’t surpass the actual trading.

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DegenWhisperer

· 12-09 17:06

Argentina's move this time seems to be forced. Crypto users have long been treating BTC as legal tender, and only now is the central bank reacting.

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GasFeeCrier

· 12-08 07:39

Argentina was really forced into this move; locals have been trading crypto for a long time, and only now has the government realized they need to regulate it. --- Another country has recognized reality—if you can't ban it, incorporate it into the system. It's late, but better than blocking it forever. --- If KYC gets fully enforced, I think a lot of people will have to rethink their strategies. --- Moving from banning to allowing just means they realize crypto users won't go away, so they might as well collect taxes instead. --- This is a classic "if you insist on doing this, then I'll set the rules" move. --- Argentines have already been treating Bitcoin as legal tender; this time the central bank is basically being forced by public opinion. --- I'm a bit curious about how those new rules are actually written—there are probably quite a few loopholes. --- With banks opening the door to crypto, the next step will be the compliance arsenal coming out. --- Damn, is another country about to follow El Salvador's path?

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ETHReserveBank

· 12-08 07:38

Argentina really had no choice but to surrender this time—what else could they do? People are already using stablecoins for the renminbi; bans just don’t work. Now the banks have really been forced into a corner. Instead of stubbornly resisting, it’s better to just open up a bit. If tighter controls come, that’s when the real trouble starts. Wait, isn’t this exactly what those other countries did a few years ago? First ban, then regulate. Now it’s Argentina’s turn—history really does repeat itself. KYC, to put it bluntly, is just about wanting to know where your money comes from. Money laundering is the real concern; “compliance” is just an excuse for surveillance. What’s interesting is that ordinary people don’t care about any of this—they’ll keep using it regardless. The authorities just want to skim some interest from the underground black economy.

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GweiTooHigh

· 12-08 07:35

Argentina is playing it smart here. Instead of blocking, they're channeling it. After all, people are already using Bitcoin instead of the peso. --- Wait, will this really be implemented? Or is it just another political show... --- Haha, now it all makes sense. If they can't control it, they bring it in and tax it. Same playbook for central banks worldwide. --- Once the KYC process is introduced, the previous anonymity advantage is gone. Will anyone still use it? --- The Argentine peso is so bad, no wonder people switched to Bitcoin a long time ago, haha. --- From banning to opening up, that's a really quick turnaround. Is inflation so out of control that they can't handle it anymore? --- What is this custody service modeled after, the US or European system? --- That's the reality—if you can't block it, legalize it and charge fees. Banks will always have business.

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BlockchainNewbie

· 12-08 07:31

Argentina is really something this time, from desperately choking crypto to suddenly opening up. This is what it means to be forced to face reality, haha. By the way, their people have been using it for a long time, and only now does the government want to regulate? Way too late. With regulation coming, it feels like prices are going to fluctuate again. I bet there will be new tricks next week. This should have happened earlier; it's better to guide than to block, since everyone is using it anyway. Banks getting involved is real, and stablecoins might really take off now. This is a clever move. With KYC in place, money laundering becomes much harder. Perfect. Argentinian people: We've been doing this for ages, and now you're joining in? From banning to opening, the turnaround is so fast. Feels like there are political considerations behind it. But on the other hand, now that custody services are legalized, will trading become more complicated?

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ShitcoinArbitrageur

· 12-08 07:30

Argentina was really forced into this move. The RMB has devalued into worthless paper a long time ago, and people have already been using stablecoins. The authorities are only now reacting and trying to regulate it. Would banks dare to get involved in this business? Feels like we still have to wait and see. The outcomes of those Latin American countries that tried to make Bitcoin legal tender a few years back are still right there for all to see. Will Argentina learn its lesson this time?

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AirdropJunkie

· 12-08 07:24

Did Argentina finally give in? Now the underground matters can finally come to light, it should have been like this long ago. RMB depreciates, Bitcoin rises, the central bank was actually forced this time, right? This whole KYC thing is so annoying, freedom instantly cut in half... but I can understand it. Will this time be another case of the regulators being paper tigers, making rules and then changing them later? When it comes to stablecoins, everyone wants to use them and everyone wants to ban them, it’s always the same routine.

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AirdropAutomaton

· 12-08 07:12

Wait, is Argentina really going to open up? Finally, a country has figured it out—you can't ban it anyway. --- This approach is right. Instead of blocking it, it's better to guide it. Bringing underground activities into the open makes them easier to manage. --- KYC and AML again—basically, they just want to control the flow of funds. But it's still better than an outright ban. --- Is this for real? The Argentine central bank changed its stance pretty quickly. Is this just another transitional policy? --- What does this mean? Are stablecoins about to be legalized in Argentina? That region is about to take off. --- Locals have been using Bitcoin for a long time. The authorities are only now thinking about regulation—feels a bit late. --- From banning to regulating, that's reality. Crypto has won. --- After all that, they still want identity verification. Doesn't feel as free as I imagined.

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