Argentine financial institutions initiate testing of JPM Coin, JPMorgan's deposit token

Golden Finance reports that although the Argentine central bank still continues to ban lending institutions from providing most crypto-related services to customers, multiple banks in the country have started kicking off tests of JPM Coin, a deposit token from JPMorgan specifically designed for institutional users. At present, Banco CMF is one of the confirmed participants. It is expected to use JPM Coin in the back-end settlement workflow to improve settlement speed and efficiency.

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