Taxes Started in This Country with Cryptocurrencies!

Argentina’s Mendoza province, according to the region’s tax office, cryptocurrencies allowed to be paid.

Mendoza is the fifth largest region in the country with a population of more than 2 million.

Cryptocurrency Tax Payment Accepted in Argentina’s Mendoza Province

According to the instructions issued by the Mendoza government, users will be able to pay with any crypto wallet, including Binance, Bitso, Buenbit, Bybit, Ripio and Lemon.

According to the news of the Clarín newspaper, Mendoza was only allowed to pay taxes between them. DAI and USDT It will accept stablecoins.

State officials made the following statement:

“This new service is part of the strategic goal of modernization and innovation driven by the Mendoza Tax Administration to provide taxpayers with different tools to meet their tax obligations.”

The government added that payments received by Mendoza will be converted into Argentine pesos by an undisclosed online payment service provider.

In April, Argentina’s capital, Buenos Aires, announced plans to allow paying taxes using cryptocurrencies. At this point, Mayor Horacio Rodríguez Larreta’s government did not specify a launch date.

In March, the Brazilian city of Rio de Janeiro announced that from 2023 it would allow municipal property taxes to be paid in cryptocurrencies.

Cryptocurrency initiatives continue at full speed in Latin American countries. As it is known, El Salvador is a Latin American country. Bitcoin It was the first country to adopt it as an official currency.

*Not investment advice.

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