Argentina Government Tells Citizens: Declare Your Crypto or Face Extra Taxes

The Argentinian government says citizens can avoid paying certain types of tax on their crypto holdings if they file declarations.

Per Criptonoticias, the government has amended money laundering laws to grant exemptions for Argentines who declare up to $100,000 worth of Bitcoin (BTC) and other tokens.

Argentina Government: Keep Your Crypto in This Country to Avoid Extra Taxes

The new legal change comes with several caveats (and possible hurdles). The tax exemption only applies to people who hold cryptoassets on the platforms of government-registered exchanges and wallet providers.

One of the package’s clauses explains that cryptoassets are considered to be “within Argentina” if they “are managed or held” on an exchange “registered with the National Securities Commission (CNV).” But the media outlet pointed out Read more

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