Argentina Exempts Crypto Holdings Up to $10K from Tax
CryptoNewsTerminal Staff17 Jul, 2024
Argentina Exempts Crypto Holdings Up to $10K from Tax
Argentina has recently implemented regulatory details for its omnibus bill, exempting virtual asset service providers (VASPs) from taxes on their crypto holdings up to a value of $10,000. This move signifies a significant step towards recognizing and regulating the cryptocurrency industry within the country. The omnibus bill was initially passed by Argentina's Congress in May.