Argentine Crypto Bill Encourages Citizens To Disclose Holdings

in argentine •  2 years ago 

Argentines may soon be motivated to reveal their crypto holdings through tax incentives. Argentina’s Ministry of Economy – the economic policy manager of the country - has introduced a new crypto bill aimed at addressing money laundering and encourages its citizens to reveal their crypto holdings by incentivizing them with lowered tax rates according to local news reports. The “Externalization of Argentine Savings” draft law is aimed at fighting money laundering and was introduced by economy minister Sergio Massa.

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