Argentina Exempts Crypto Holdings Up to $10K from Tax

IconCryptoNewsTerminal Staff17 Jul, 2024

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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.