Nexo has acquired Argentine crypto platform Buenbit and will integrate its full product suite for Buenbit users while preserving the Buenbit brand. The move is intended to establish Buenos Aires as Nexo’s regional hub for broader Latin American expansion.
Nexo has agreed to acquire Argentina-based Buenbit, gaining access to its user base and local on-ramps. The deal enables Nexo to offer crypto-backed loans, high-yield savings and trading tools to Buenbit customers.
Local media report the central bank is exploring a regulatory framework to let licensed banks offer cryptocurrency and stablecoin services, a move analysts say could widen public access to digital assets.
Buenos Aires will allow residents and businesses to pay city taxes and administrative fees using digital assets, with Dogecoin explicitly accepted among supported tokens.
State energy firm YPF is reportedly exploring cryptocurrency payments at its service stations, building on a recent rollout of U.S. dollar payment options as digital asset uptake rises in Argentina.
Argentina’s state-run oil company YPF will let customers pay for fuel with cryptocurrency, becoming one of the few Latin American firms to accept crypto at the pump. The company has not yet disclosed which tokens or a rollout timeline.
An unexpected Libra Trust has appeared, saying proceeds from the Libra token sale will fund grants for Argentine companies. The trust is believed to be financed by Kelsier Ventures CEO Hayden Davis to pursue the token’s original purpose.
El Salvador bought nearly 1,100 BTC during the recent market dip, underscoring its continued accumulation strategy. Meanwhile Brazil rolled out stricter crypto tax reporting rules and Argentina published a critical report on Libra, raising regulatory pressure across the region.
LIBRA surged over 30% on Wednesday even as Argentina’s Congress published a 200-page report accusing the token’s backers and political allies of orchestrating a coordinated rug pull. The rally surprised traders and highlighted a disconnect between market moves and serious investigative findings.
Towerbank’s Head of Digital Assets says many Argentine banks have completed crypto infrastructure and are waiting on regulatory approval to launch services, a development that could widen on‑ramps for local users.