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

·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

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