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Buenos Aires City to Allow Residents to Make Tax Payments With Crypto
The crypto will be converted to Argentine pesos by crypto firms before being given to the city, said Mayor Horacio Rodríguez Larreta.
Updated May 11, 2023, 6:15 p.m. Published Apr 26, 2022, 4:19 p.m.
Buenos Aires, the capital of Argentina, will allow the payment of taxes using cryptocurrencies, Mayor Horacio Rodríguez Larreta announced Monday.
According to Mayor Larreta, the Buenos Aires City government will not receive crypto directly from residents but instead Argentine pesos, via conversions to be carried out by “leading” crypto companies.
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“The city is not going to have crypto in public accounts, but through an agreement with virtual wallets we are going to add one more payment option to the ones we already have, with the idea of making things easier,” Rodríguez Larreta said in his announcement.
The service will be available in the “coming months,” Diego Fernández, the city’s secretary of innovation and digital transformation, told CoinDesk, adding that local crypto exchanges SatoshiTango, Buenbit, Ripio and Belo, and Mexico-based Bitso, will be part of the initiative.
The announcement comes several weeks after the Brazil’s Rio de Janeiro announced a municipal real estate tax could be paid with cryptocurrencies starting in 2023.
In March, Buenos Aires presented a white paper proposing a blockchain-based digital identity platform that aims to give the city's residents control over their personal data. It is expected to be operational between the last quarter of 2022 and the first quarter of 2023, Fernandez told CoinDesk at the time.
According to Mayor Larreta, the digital identity platform will include vaccination certificates and COVID-19 test results in the second quarter of 2022. Later this year, it will include civil registry documents and educational documents.
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- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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