#MilleiForChange Buenos Aires will accept cryptocurrencies for local tax payments. The measure announced this Tuesday will accept cryptocurrencies for local tax payments and some procedures, a measure that seeks to take advantage of the high adoption of crypto assets in Argentina.
"The goal is for the city to be a global leader in crypto. We already have the human capital and now we are generating the tools by reducing bureaucracy to facilitate compliance for taxpayers and support the arrival of new companies that settle here."
According to what was announced by the Executive, the city of Buenos Aires will allow citizens and businesses to pay local taxes - such as property taxes or vehicle registration fees - or procedures, such as the management of driving licenses or the payment of traffic fines, with cryptocurrencies.
According to official data, in the city of Buenos Aires, about 10,000 people receive payments in cryptocurrencies for services provided abroad, while in Argentina today there are about 10 million 'crypto' accounts, equivalent to 22% of the total volume of such accounts in Latin America.
"These measures make the crypto world see that the city is becoming more and more friendly. The digital economy leads us to update and adapt with a modern, agile, efficient, and intelligent State. We want talent to find a place to grow, innovate, and lead without obstacles." USDT, BTC, XRP, ETH, USDC