Taking advantage of the visit of a commission of the Financial Action Task Force (FATF), the Argentine Chamber of Fintech launched a regulatory proposal to exempt bitcoin and cryptocurrency users, as well as companies in the sector, from some taxes and taxes.
In a statement, the organization indicated that the tax proposal seeks to help the Argentine State "give incentives and predictability" to both cryptocurrency users and virtual asset service providers (PSAVs). PSAVs include crypto exchanges, wallet providers, payment gateways, and other platforms related to bitcoin and crypto assets. As explained, this proposal seeks to be a sort of "flip side" for the imminent regulation that will come by legislative means or by presidential decree. This entails the creation of a registry for PSAV and the obligation for these companies to be authorized and licensed to operate on Argentine soil. All of the above, in accordance with the recommendations of the FATF, whose mission will be in Argentina until March 26. By that date, the regulation for the cryptocurrency ecosystem should already be in place, otherwise the country risks entering the FATF grey list.
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Taking advantage of the visit of a commission of the Financial Action Task Force (FATF), the Argentine Chamber of Fintech launched a regulatory proposal to exempt bitcoin and cryptocurrency users, as well as companies in the sector, from some taxes and taxes.
In a statement, the organization indicated that the tax proposal seeks to help the Argentine State "give incentives and predictability" to both cryptocurrency users and virtual asset service providers (PSAVs).
PSAVs include crypto exchanges, wallet providers, payment gateways, and other platforms related to bitcoin and crypto assets.
As explained, this proposal seeks to be a sort of "flip side" for the imminent regulation that will come by legislative means or by presidential decree. This entails the creation of a registry for PSAV and the obligation for these companies to be authorized and licensed to operate on Argentine soil.
All of the above, in accordance with the recommendations of the FATF, whose mission will be in Argentina until March 26. By that date, the regulation for the cryptocurrency ecosystem should already be in place, otherwise the country risks entering the FATF grey list.