Key Takeaways:
- CMF and other banks are testing JPMorgan’s JPM Coin in phase one to speed up interbank settlement times.
- Experts view this integration as a massive leap for modernizing bank costs.
- The Central Bank must amend a 2022 rule before institutions can offer crypto services to clients.
Report: JPMorgan’s JPM Coin Featured In Tokenized Deposits Tests 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…
