Citizens in Argentina Might Have to Pay Crypto Taxes Depending on Location

[sirty143]

A new crypto tax paradigm is brewing in Argentina, where two provinces have now approved crypto tax laws. This means that Argentinian citizens must disclose their cryptocurrency holdings and pay taxes according to the trades they do... See more for yourself here.

Your opinion is greatly appreciated.

[TomPluz]

I am expecting this one to happen not just in Argentina but other countries as well. When the government can sense that people are making money out of something they do, the government has this tendency to find ways and means to extract something out of the endeavor or enterprise...well that is just a natural course of action but the rate of tax can determine if a particular government can be so greedy and corrupt.

[Malathris]

This is to be expected, because people are actively investing in it because it is not controlled and regulated - it can get out of hand.

[Thetaris]

I think this will happen in all countries in the near future.
It really is a new economic phase.
So now everyone will have to be more careful.

[Dreamer]

This is cool, and I wish I was living there because it seems they are very free using cryptocurrencies in their country. I hope this will happen in many other countries too, I also wish to see this in countries with a middle economy because it's obvious may help in growing the it.