Coinbase pauses local fiat rails in Argentina less than a year after its arrival

Coinbase has suspended its local fiat on-ramp services in Argentina, just months after launching operations in the country. The decision is attributed to the challenging economic environment and regulatory landscape in Argentina, which has faced significant inflation and currency devaluation. Users will still be able to access cryptocurrency services, but the halt on fiat transactions limits their ability to convert local currency into digital assets. This move reflects broader difficulties faced by cryptocurrency exchanges in navigating volatile markets.

Read the full article: Coin Telegraph