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‘Check tax’ on cryptos: Argentine Chamber of Fintech says measure will increase informality

RIO DE JANEIRO, BRAZIL - The Government resolved yesterday to include cryptocurrency purchase and sale transactions among those covered by the Tax on Bank Credits and Debits, commonly known as the Check Tax, through Decree 796/2021 published in the Official Gazette.

Specifically, the decree repeals the exemption from the tax on debits and credits for the movement of funds linked to the purchase, sale, swap, brokerage and/or any other transaction on cryptoassets, cryptocurrencies . . .

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