Brubank, one of the first digital banks in Argentina to be recognized by the country's central bank, has entered the cryptocurrency market. Customers can now purchase crypto assets on the company's app, allowing them to make bitcoin investments using the company's platform. This is the country's second banking institution to offer these services, according to reports.
Argentina's government has taken the initial steps toward the establishment of its own central bank digital currency (CBDC). A new order with the number 207/2022 grants the Argentine mint unprecedented powers to investigate, produce, and issue digital currencies. Argentina is now following in the footsteps of nations such as Brazil and Mexico, who are actively participating in the creation of their e-currencies.
Argentinians are discovering that P2P (peer-to-peer) markets can help them keep or grow their crypto and foreign currency investments. According to local media reports, an increasing number of Argentinians are using peer-to-peer (P2P) exchanges and markets to engage in arbitrage and make money as P2P cashiers. Binance's Latam operations director, Maximiliano Hinz, claims that their P2P company has expanded by 40% in the last month.