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Morning Edition · Monday, October 12, 2026Published at 1:41 AM EDT · New York
Argentina's central bank rules out crypto at banks this year but opens the door for a second Milei term
Juan Curutchet, the central bank director responsible for bank supervision, cited "a level of fragility" in the currency market and linked bank crypto services to the end of exchange controls after the 2027 election.
Juan Curutchet, a director of the Central Bank of the Argentine Republic (BCRA) responsible for bank supervision, said Argentine banks could be allowed to offer crypto directly to customers in a possible second term for President Javier Mil…
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Fragile-Currency States Keep Crypto Outside Banks
Governments with fragile currencies and capital controls keep crypto out of the regulated banking system until their exchange rate stabilizes, so access to crypto through banks in those countries follows currency stability and election outcomes rather than demand.
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