Eduardo Rodríguez González
2 hours ago
Argentina: from the crypto sector, a fair tax framework was demanded to continue growing
According to the Argentine Fintech Chamber, the tax on debits and credits has hindered the development of the regulated crypto industry in Argentina.
The Argentine Fintech Chamber warned that the tax on debits and credits discriminates against regulated crypto providers, despite their growing role in the national financial system. This was announced to Cointelegraph in Spanish through a statement.
According to the report, more than 2.5 million Argentines use cryptocurrencies every month as a means of payment, savings, or investment through platforms regulated by the National Securities Commission (CNV) and supervised by the Financial Information Unit (UIF). However, despite the new regulatory framework implemented in 2024 for Virtual Asset Service Providers (PSAV), the sector continued to face unequal tax treatment, they indicated. Latin America positions itself as a key player in the crypto ecosystem, according to OKX
Then, the Chamber proposed a concrete agenda to correct these inequalities. Among the suggested measures were included:
Eliminate fiscal discrimination against PSAV and equate their treatment to that of other regulated financial players.
Design a modern and predictable tax scheme for operations with virtual assets, with special attention to taxes like Income and Personal Assets.
The organization pointed out that Argentina has already taken important steps in crypto regulation, highlighting its clear regulatory framework and its focus on transparency and supervision. However, they indicated that without a fiscal reform to accompany this transformation, it would be difficult to consolidate a favorable environment to attract investment, promote quality employment, and drive financial innovation.
