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Argentina’s Tax Authority Orders Crypto Exchanges to File Information on Transactions: Report
Crypto adoption has been healthy in Argentina, with citizens seeking alternative ways of storing wealth amid the country’s economic woes.
Argentina’s tax authority has ordered crypto exchanges to file transaction data on their customers in monthly reports.
STORY CONTINUES BELOW
- The exchanges must list all accounts and identify clients, as well as income, expenses and monthly balance of accounts held, Argentinian newspaper Bae Negocios reported.
- The information will have to be filed for each month by the 15th of the following month.
- Crypto adoption has been healthy in Argentina: Ripio, one of the country’s largest exchanges, ended 2020 with over a million users after starting the year with 400,000.
- The country’s economic woes, stemming from debt, inflation and COVID-19, have driven its citizens to seek alternative ways to store wealth.
See also: Crypto Is Not Regulated in Turkey, and It’s Thriving
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
