Argentine Banks Pilot JPMorgan’s JPM Coin for Faster Settlements Amid Regulatory Constraints

Argentine financial institutions are testing JPMorgan’s JPM Coin to enhance settlement efficiency, despite ongoing central bank restrictions on crypto services. The initiative involves blockchain infrastructure for internal processes without affecting real fund transfers.

• Argentine banks are testing JPMorgan’s JPM Coin to improve settlement efficiency.
• Banco CMF is participating through its corporate unit QORP.
• The BCRA restricts banks from offering crypto services to clients but allows internal blockchain use.
• JPM Coin became available to institutional clients in November 2025.
• Other banks like Banco Galicia and Banco Comafi may join the pilot.
• Argentina is part of Latin America’s growing crypto market, with $1.5 trillion in regional transaction volume from mid-2022 to mid-2025.