#美SEC促进加密资产创新监管框架 The Central Bank of Argentina has just made a big move—it's preparing for a 180-degree turn on cryptocurrency business. 💥

What was their previous stance? Total ban—banks weren't even allowed to touch it. Now? The winds have changed. Officials are studying how to bring Bitcoin, stablecoins, and the like into a formal regulatory framework, and may even allow traditional banks to directly offer crypto trading and custodial services. If this really happens, Argentina's entire financial landscape might have to be reshuffled.

Simply put: people have long been using BTC and USDT, and underground trading is already the norm. Instead of continuing to turn a blind eye, it's better to put everything on the table and regulate it. Once it's compliant, all transactions will have to go through KYC (Know Your Customer) and AML (Anti-Money Laundering) checks, making it much easier for the government to collect taxes. 💼

Of course, regulation won't be lax. Reportedly, a whole set of capital adequacy and liquidity risk management standards will be introduced to ensure the financial system doesn't get derailed by crypto assets. ⚖️

What's even more interesting—once banks enter the game, they're directly competing with local crypto trading platforms. Competition will intensify, transaction fees will likely be pushed down, and the industry's hierarchy might get rearranged... Traditional financial institutions vs. native crypto platforms—who do you think will have the last laugh? 🤼

If you were in Argentina, would you choose to trade crypto with banks, or stick to using trading platforms? Share your thoughts in the comments! 👇