- CMF tests JPM Coin in phase one trials to slash settlement times, paving the way for future crypto banking.
- TRM Labs warns stablecoins fund 95% of illicit Latam inflows, triggering an impending wave of AML laws next.
- Javier Milei halts his dollarization plan as locals reject the USD, forcing a pivot in future policy.
Local Banks Pilot JPMorgan’s JPM Coin in Argentina
Argentina is slowly paving the way to allow banking institutions to leverage and offer crypto services to their customers.
According to local media, a group of private banks would be involved in limited trials using JPM Coin, a deposit token issued by JPMorgan, to improve interbank settlement processes between participating institutions.
Maximiliano Cohn, CIO of CMF, one of the banks participating in these tests to be part of the minimum viable product (MVP) of JPM Coin in Argentina, told Iproup that these operations are being executed without money and using traditional settlement methods first, but applying onchain technology for their registry.
Cohn also explained that during the first phase of this pilot, banks are working to integrate available services to “verify improvements in the settlement and interbank reconciliation times of the integrated banks.”
Read more.
Crypto regulations are advancing internationally, and Latam is not an exception, even with numerous documented threats. According to TRM Labs, a blockchain intelligence firm, regulations are coming to make cryptocurrency transactions and flows more secure in the region.
In a recent report, TRM Labs disclosed that stablecoins have become the dominant payment rails across Latam, accounting for 95% of inflows to sanctioned entities globally in a region that, due to its economic traits, is open to the adoption of these new technologies.
TRM Labs states that the threats are well-documented in the region, including flows linked to the Sinaloa Cartel, leveraging local brokers and P2P exchanges to launder funds using Chinese organizations as intermediaries to process over $103 billion in 2025 alone.
Read more.
President Javier Milei has explained why the process of dollarizing Argentina might be more complex than expected, as it has hit a solid roadblock.
Milei, who campaigned and won the Argentinian presidency on the promise of adopting the U.S. dollar as fiat currency, ending the peso, and disbanding the central bank, acknowledged a newfound obstacle to his plans.
During a recent TV interview, Milei highlighted that the main issue when dollarizing the country was the lack of adoption by Argentinians, who have failed to embrace the greenback and continue to use the Argentinian peso.
“People don’t want it,” said Milei, referring to using the U.S. dollar instead of the Argentinian peso.
Read more.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
