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Argentina brings a tax hammer down on crypto transactions and exchanges in a rule update
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Argentina is now taxing cryptocurrency sales and purchases, after its government updated existing rules to clarify that crypto exchanges are not exempt from collection.
A "check tax" of up to 0.6% on credits and debits is placed on banking transactions — such as cash deposits, wire transfers and checks themselves — in Argentina. But transactions involving digital currencies were not considered to fall under the rules.
That changed Wednesday, when the government spelled out how the tax collection measure affects payment service providers.
«The exemptions provided for in this decree and in other regulations of a similar nature will not be applicable in those cases in which the movements of funds are linked to the
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