Argentina: Implementation of system accepting cryptocurrencies as legal tender for tax payments
Description
Implementation of system accepting cryptocurrencies as legal tender for tax payments
On 24 August 2022, the Argentinian province of Mendoza launched its new tax administration cryptocurrency payment service. The system allows citizens to pay government fees and taxes with cryptocurrencies. Currently, only stablecoins such as Tether are accepted as legal tender. In the future, payments will be accepted through the ATM website portal using secure and established crypto wallets (e.g. Binance, Bybit and Ripio).
Original sourceScope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
subnational
Government Branch
executive
Government Body
central government