Bitcoin and other cryptocurrencies now subject to “check tax” in Argentina

The government decided to include cryptocurrency transactions among those covered by the tax on credits and debits in bank accounts, commonly known as the "check tax".

RIO DE JANEIRO, BRAZIL - Decree 796/2021, published today in the Official Gazette, introduces changes to the Competitiveness Law, which created the "check tax" in early 2001.

The decree recalled that, in late October last year, the Central Bank established a new operating framework to extend electronic transfers, and through Communication A 7153 updated the National Payment System and established what is known as Transfers 3.0.

Likewise, the Central Bank established that the implementation of phase 1 should be fully operational by December 7, 2020 at the latest, and set November 29 this year as the deadline for the . . .

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