A group of private banks in Argentina has launched a limited pilot of JPMorgan's JPM Coin to improve interbank settlement efficiency. Experts see this as a critical first step for blockchain integration, though a 2022 central bank rule still prohibits banks from offering crypto services to clients.
Multiple Argentine banks are piloting JPMorgan's deposit token JPM Coin for back-end settlement workflows, despite the central bank's ban on offering crypto services to clients. The test could accelerate crypto adoption in Latin America.
Argentine banks are piloting JPMorgan's JPM Coin for back-end settlement workflows, according to local reports. While the central bank still bars crypto services for clients, blockchain infrastructure use internally is allowed. Other lenders may join the program.
Several Argentine banks are reportedly piloting JPMorgan’s JPM Coin for back-end settlement and reconciliation. The tests do not involve real fund transfers, but highlight growing institutional blockchain adoption in Latin America.
Several Argentine banks are reportedly piloting JPMorgan’s JPM Coin infrastructure for back-end settlement and reconciliation. The tests do not involve real funds, highlighting how banks are exploring blockchain internally despite ongoing restrictions on client-facing crypto services.
Argentina's central bank banned payment providers from offering crypto transactions to reduce digital asset exposure. The move faces fintech chamber opposition, while hyperinflation above 100% drives record Bitcoin prices and stablecoin adoption.
Argentina's central bank has prohibited payment providers from facilitating crypto transactions, citing risks to the payment system. The decision counters surging crypto adoption driven by over 100% inflation, potentially shifting users to unregulated channels.
Argentina's central bank prohibited payment providers from offering crypto services through their apps, aiming to reduce payment system risks. The move faces opposition from fintech chambers but comes amid hyperinflation and peso devaluation driving crypto adoption.
