Argentina's central bank halts cryptocurrencies from payment apps
The ban is intended to reduce Argentina's payment-system exposure to digital assets, said the monetary authority.
On May 4, Argentina's central bank banned payment providers from offering crypto transactions, alleging it intends to reduce the country's payment-system exposure to digital assets.
According to a statement from the monetary authority, payment providers may not offer or facilitate crypto services through their applications. The move brings payment fintechs and financial institutions under the same rules in the country.
"Payment service providers that offer payment accounts [...