Argentina bans digital assets for banks after receiving ‘anti-Crypto’ IMF loan
The IMF issued a $45 billion loan in March, which came with the condition that Argentina had to discourage Crypto use, and it seems to finally be in effect.
Latest Argentina News
Argentina’s securities regulator to issue new rules for digital asset firms
The Argentine National Securities Commission's plan to issue new rules stems from a national reform of anti-money laundering laws being deliberated by Argentinian lawmakers.
Argentina’s proposed law urges citizens to declare digital asset holdings
With the new bill, individuals who choose to disclose their holdings within three months of the law's passage will be required to pay only a 2.5% tax on capital gains on digital currencies.
The economic gamble of digital dollarization
So-called stablecoin Tether continues to spread its pervasive influence over a digital asset industry that is being increasingly embraced with wide arms and closed eyes across large parts of Latin America.
Argentina’s state-owned energy firm enters block reward mining by using waste gas
YPF Luz said that its role would be to supply energy to the unnamed mining giant, and had begun building a 1 megawatt (MW) plant in the heat of Vaca Muerta.
Argentina’s tax watchdog busts illegal digital asset mining operations
As energy costs rise and Argentina faces thinning power supply, authorities crack down on digital asset mining as locals feel the brunt of the activity atop the dire global economic situation.
Argentina: Presidential aspirant sued over digital asset Ponzi scheme promotion
Javier Milei's presidential candidacy is marred by controversy over his involvement in an alleged Ponzi scheme that investors say cost them nearly $300,000 in an attempt to lure them out of inflation.
Argentina revenue service recovers over $800M after tax delinquents’ digital wallets seizure
AFIP has seized 1,269 digital asset wallets linked to tax delinquents since February 2021 with the backing of courts around the country, local media reports.
Argentina’s customs authority seizes block reward miners worth estimated $21 million
The Customs Authority of Argentina has seized 2,233 block reward mining rigs worth $21 million that it alleges were overvalued in an attempt to evade taxes.
The CoinGeek Pulse Episode 88: Treasury renews call for regulation amid UST and Luna collapse as Instagram integrates NFTs
UST, a stablecoin pegged to the U.S. dollar, along with its sister token Luna, plunged to its lowest value—dropping as low as below $0.30 and losing about $40 billion of its market cap in 48 hours.
Argentina central bank bars banks from offering digital currency services
The directive is applicable to "crypto assets and those whose yields are determined based on the variations that they register," according to the notice released by the Central Bank of the Argentine Republic.
IMF to bail out Argentina, but only if it discourages digital currency use
The International Monetary Fund will extend Argentina a $45 billion loan deal, which the Senate approved recently, that includes a clause urging the gov’t to discourage digital currencies.