Buenos Aires Bar Association questions restrictive measures of the Central Bank linked to cryptocurrencies By Cointelegraph

by time news

2023-05-21 00:21:56

© Reuters. Argentina: Buenos Aires Bar Association questions restrictive measures of the Central Bank linked to cryptocurrencies

From the The Bar Association of the City of Buenos Aires expressed their concern regarding the recent determination made by the Central Bank of the Argentine Republic through which: “payment service providers that offer payment accounts may not make or provide their clients operations with crypto assets”. This was reported in a public statement on the official website of the Bar Association of the City of Buenos Aires.

The Bar Association of the City of Buenos Aires He stressed: “This constitutes a new limitation on operations with digital assets for providers and users of the financial and payment system.”

  • From traditional banking they begin to look towards blockchain technology

In the statement, they stated: “BCRA Communication ‘A’ 7759 entails a serious limitation regarding legitimate initiatives that enable innovation, investment, financial inclusion and genuine employment in the country, by adding new restrictions to access channels for users of these new technologies available.

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