Buenos Aires City to Allow Residents to Make Tax Payments With Crypto

2 years ago

Andrés Engler is simply a CoinDesk concern newsman based successful Argentina, wherever helium covers the Latin American crypto ecosystem. He holds nary crypto.

Buenos Aires, the superior of Argentina, volition let the outgo of taxes utilizing cryptocurrencies, Mayor Horacio Rodríguez Larreta announced Monday.

According to Mayor Larreta, the Buenos Aires City authorities volition not person crypto straight from residents but alternatively Argentine pesos, via conversions to beryllium carried retired by “leading” crypto companies.

“The metropolis is not going to person crypto successful nationalist accounts, but done an statement with virtual wallets we are going to adhd 1 much outgo enactment to the ones we already have, with the thought of making things easier,” Rodríguez Larreta said successful his announcement.

The work volition beryllium disposable successful the “coming months,” Diego Fernández, the city’s caput of innovation and integer transformation, told CoinDesk, adding that section crypto exchanges SatoshiTango, Buenbit, Ripio and Belo, and Mexico-based Bitso, volition beryllium portion of the initiative.

The announcement comes respective weeks aft the Brazi’s Rio de Janeiro announced a municipal existent property taxation could beryllium paid with cryptocurrencies starting successful 2023.

In March, Buenos Aires presented a whitepaper proposing a blockchain-based integer individuality platform that aims to springiness the city's residents power implicit their idiosyncratic data. It is expected to beryllium operational betwixt the past 4th of 2022 and the archetypal 4th of 2023, Fernandez told CoinDesk astatine the time.

According to Mayor Larreta, the integer individuality level volition see vaccination certificates and COVID trial results successful the 2nd 4th of 2022. And aboriginal this year, it volition see civilian registry documents and acquisition documents.

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Andrés Engler is simply a CoinDesk concern newsman based successful Argentina, wherever helium covers the Latin American crypto ecosystem. He holds nary crypto.

Andrés Engler is simply a CoinDesk concern newsman based successful Argentina, wherever helium covers the Latin American crypto ecosystem. He holds nary crypto.


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