Share this article
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.
Updated Sep 14, 2021, 12:55 p.m. Published May 14, 2021, 11:12 a.m. 1 min read
Argentina’s tax authority has ordered crypto exchanges to file transaction data on their customers in monthly reports.
- 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
More For You
The proposal could shape how Kalshi, Polymarket, and other event-contract platforms operate as states challenge the CFTC’s authority.
What to know:
- The White House’s Office of Information and Regulatory Affairs has begun reviewing a proposed CFTC rule on prediction markets, a key step in the federal regulatory process.
- The move signals the CFTC is advancing toward a broader federal framework for event contracts, including those tied to elections, gaming and sports,...
Top Stories
