US EditionVirtual Wallets Stop Selling Official Dollar and Generated Noise in the Market
11 Articles
11 Articles
The Central Bank clarified that the purchase of foreign currency through fintech cannot be outsourced; several companies did so months ago without difficulty
The offer of official dollars ran between 300 and 450 million, according to the version, and placed a roof on the wholesaler in 1425 pesos
The first day after the Central Bank’s clarification that “turned off” the sale of official dollars by digital wallets, the currency began with an upward trend. At the Banco Nación, the retailer had closed to $1400 yesterday and, at the opening of this Wednesday, reached $1450. This fluctuation marks a daily increase of 3.5%. The dollar wholesale, according to specialized stock markets, quoted to $1419.44. On Tuesday, according to the Central Ba…
Mercado Pago y Cocos Capital interrupted its operation in the official exchange market.The Central Bank claims that there was no regulatory change but yesterday it reflected the prohibition of outsourcing the operation.The questions in the fintech environment
The government prevents fintech from selling foreign currency.
Although the operation with dollar MEP will continue, since this Tuesday they will not be able to offer buying-selling services at official price. The Central Bank of the Republic of Argentina clarified that the measure does not obey regulatory changes for natural persons, but the market reacted with tension after the decision to stop those transactions in apps like Mercado Pago. Read more
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