Argentina’s President Announces Plans to Eliminate Taxes on Bitcoin Transactions Below $100,000
Argentinian President and Bitcoin enthusiast Milai announced plans to eliminate taxes and fees on Bitcoin transactions below $100,000.
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Argentinian President and Bitcoin enthusiast Milai announced plans to eliminate taxes and fees on Bitcoin transactions below $100,000.
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Argentina's new law aims to regulate undeclared cryptocurrencies, reflecting a shift in policy and embracing digital assets within its economic framework.
Argentina officially allows Bitcoin for legal contracts amidst high inflation, potentially paving the way for broader crypto adoption.
The announcement comes as part of broader leadership changes, with economist Osvaldo Giordano heading the ANSES and engineer Horacio Marín taking charge of YPF from December 10.
Argentina has been in a long-standing battle against rising inflation and a continued decline of the peso against the U.S. dollar.
In response to soaring inflation, Argentina has increasingly become a crypto-friendly country when it comes to cryptocurrency adoption.
In response to surging inflation, Argentina has become an increasingly crypto-friendly country in terms of adoption.
Argentina’s largest bank has embraced crypto and will allow its customers to begin purchasing four crypto assets including Bitcoin through their accounts at the bank.
Only four days have passed since two of Argentina’s biggest banks opened up to crypto trading, but now the central bank has stepped in to block the offerings.