The Argentine government has amended the omnibus law covering cryptocurrencies.
The Argentinian government, headed by Javier Milei, said:Act on the Foundations and Starting Points for the Freedom of ArgentinesThe omnibus bill titled “brought an important update to the bill.
The omnibus bill will include previously undeclared cryptocurrencies and other investments. While some articles regarding taxes are being issued Clarity was provided regarding tax rates.
Argentinian Minister of Internal Affairs made a statement on the issue. Guillermo Francos, Because no agreement could be reached He emphasized that some proposals from the bill, including cryptocurrencies, were withdrawn:
The proposal aims to create freedom for economic development. Therefore, it was very important to quickly remove non-consensual topics. The tax part was smaller and was handled with a delay.
According to the current bill, it will be easier for Argentine citizens to declare their assets, including previously undeclared cryptocurrencies. of these assets first for $100,000 much 0% for tax and remaining undeclared assets up to 15% tax payment will be requested.