From today, May 2, the home banking of Banco Galicia, the largest private bank in Argentina, offers the option of buying bitcoin (BTC) and other cryptocurrencies to the company's customers.
In addition to bitcoin, the other cryptocurrencies that can be purchased are ether (ETH), USD Coin (USDC) and Ripple's XRP. All these digital currencies can be accessed through Argentine pesos.
This movement is not to my liking, it is no secret to anyone that banks have recently tried to relate to Bitcoin and cryptocurrencies, but in my case I do not agree with this, since some banks belong to political entities and take into account that these manage my data does not attract my attention.
In the news it tells us
"Your assets will be guarded abroad and are not covered by the regulations of the Central Bank of the Argentine Republic or the National Securities Commission of the Argentine Republic," reads the document, which also clarifies that " Galicia will not have any control or influence” over the cryptocurrency wallet.
There it is also
detailed that the cryptocurrencies are in a wallet "in the custody of the providers and, therefore, it is not regulated by the laws of the Argentine Republic."
We cannot certify this because it is more than clear that the way these influence is by making us believe what we want. I really have many doubts, what would happen if my person or an investor made a movement of large amounts of cryptocurrencies? Would it attract the attention of these entities? And well, precisely one of the main benefits of cryptocurrencies is that it is decentralized, causing a world of benefit, I have always said it and I will always say it, if the banks implemented this they would have "certain control over our movements, if not total control"
Information extracted from: https://www.criptonoticias.com/negocios/banco-galicia-argentina-vende-bitcoin-criptomonedas-sitio-web/