Argentina’s Tax Authority Orders Crypto Exchanges to File Information on Transactions: Report

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.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Consensus

28

14

32

30

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.

10 Years of Decentralizing the Future