Argentina wants you to declare your cryptos ( and gives you a tax discount for doing so )

The Argentine Ministry of Economy has just released a rather interesting bill: if you voluntarily declare your crypto holdings in the next 90 days, you’ll pay only a 2.5% capital gains tax. Not bad compared to the standard 15%.

What’s behind it?

Minister Sergio Massa presented the “Argentine Savings Externalization” bill with two clear objectives:

1. Fight money laundering - They want people to put everything on the table
2. Raise tax revenue - If you don’t declare within 90 days, the rate gradually increases to 15% each quarter

It’s not just for crypto; it also applies to stocks, securities, real estate, and even personal property. But everything must be deposited in approved (national or regulated foreign banks).

Why Argentina is embracing crypto

There’s context: Argentina suffers from 72.4% inflation (2022). People are desperately looking to preserve value, and crypto offers that plus ease for international transfers. It’s no coincidence that the country ranks 13th in global adoption according to Chainalysis.

The interesting part: This bill seeks to regularize instead of prohibit. It’s a pragmatic move in an emerging market where crypto adoption is already a social fact.