The measure ordered by the BCRA “seeks to mitigate the risks that operations with these assets could generate for users of financial services and the national payment system.”
Fintech or payment service providers that offer payment accounts (PSPCP) They may not carry out or facilitate operations with digital assets, including crypto assets, to their clients. that are not regulated by the competent national authority and authorized by the Central Bank (BCRA), the monetary entity ordered this Thursday.
The regulations, therefore, prevents PSPCPs from carrying out these types of operations themselves or offering to initiate them from their applications or web platforms.
“By offering or facilitating is understood the availability of automated purchase buttons for the user. Interested persons must carry out the operation on their own,” said the monetary entity.
The measure ordered by the BCRA “seeks to mitigate the risks that operations with these assets could generate for users of financial services and the national payment system.”
This standard equates the rules that PSPCPs and financial institutions must comply with. The latter already have a restriction of the same tenor since May 2022, disseminated through Communication A 7506.
In May 2021, the Central Bank and the National Securities Commission (CNV) published a alert in order to provide information on eventual implications and risks that crypto assets may entailas well as recommending a prudent attitude in order to mitigate a possible source of vulnerability for users and investors.
Source: Ambito
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