Argentina Considers Crypto Amnesty under New President Javier Milei
Following the election of Javier Milei, a vocal proponent of Bitcoin, Argentina's government has made waves with a new bill aiming to simplify crypto asset declaration and potentially grant amnesty for past tax issues, on December 27th, the "Law of Bases and Starting Points for the Freedom of Argentines"
• Easing Crypto Disclosure:
The proposed legislation introduces an "asset regularization scheme" specifically designed for cryptocurrency holdings. This plan seeks to incentivize Argentines to declare their crypto assets, regardless of their origin or location. It reportedly wouldn't require extensive documentation about acquisition sources, potentially lowering the barrier to entry for those hesitant to formalize their crypto ownership.
Hope this new decision be applied in all countries, so cryptos can rise up again.
Thank you for reading my post.
