Argentina’s Central Bank Investigates Nine Fintech Companies for Illegal Use of Cryptocurrencies

Argentina’s Central Bank (BCRA) has opened an investigation into nine fintech companies that allegedly performed unauthorized financial intermediation services through the use of cryptocurrencies, the BCRA said in a statement Friday. The BCRA did not name the companies under investigation, and a BCRA spokeswoman said the central bank is notifying the companies that the process will be completed by the end of next week.