Coinbase to End Support for Argentine Peso-Based Crypto Services

BlockBeats News, January 5th, Coinbase is set to end support for Argentine Peso to USDC trading and local bank withdrawals on January 31st, about a year after formally entering Argentina, one of the most active crypto markets in Latin America. Cryptocurrency-to-cryptocurrency trading will still be available. A Coinbase spokesperson stated that this is a deliberate pause to allow us to re-evaluate Coinbase's relationship with the Argentine market in order to come back with a stronger, more sustainable product.

It is reported that the Central Bank of Argentina is considering amending current rules to prohibit banks from engaging in activities related to digital assets, potentially as early as April this year.