Argentina bill targets crypto gambling payments
Argentina has proposed a bill that would block banks, payment firms, and crypto providers from serving illegal online gambling sites.Argentinas bill would block banks, payment firms, and crypto providers from serving illegal gambling operators.The proposal adds prison terms of three to six years for running unauthorized betting systems.Argentinas move follows Polymarket blocks as countries tighten rules on crypto-based prediction markets. Argentinas government has introduced the Bill for the Prevention of Gambling and Regulation of Online Gambling. The proposal aims to control online betting and reduce gambling addiction. The Ministry of Health said the bill seeks to organize the virtual betting market. It also aims to protect children and teenagers from online gambling platforms. The bill would involve several state bodies. These include the central bank, securities regulator, communications agency, and domain registry. How would the bill affect crypto payments? The proposal directly targets financial access for illegal gambling sites. It would stop banks, payment firms, and virtual asset providers from serving unauthorized operators. Argentinas anti-gambling bill puts crypto exchanges on the hook for unlicensed betting Argentinas Health Ministry (@MinSalud_Ar) submitted a gambling-addiction prevention bill to Congress that, for the first time, explicitly names virtual asset service providers. Banks,… pic.twitter.com/HR8jwT1TXg — BSCN (@BSCNews) May 28, 2026 The ministry said, “financial