Alex Coin 
The Argentine government is analyzing the development of a regulatory framework to ensure the tax compliance of cryptocurrencies, according to Minister Martín Guzmán.
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The government of Argentina is considering the possibility of applying more taxes to digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currencies. This was announced by the Minister of Economy, Martin Guzman, during the virtual summit of finance ministers and central bank presidents of the G20.
During his speech at the event, the Argentine minister pointed out that the national Executive is evaluating a reform of the existing laws that establish the tax obligations of cryptocurrencies with the aim of ensuring greater compliance.
As you remember Ámbito Currently, all transactions with digital assets are taxed in Argentina by the Tax on Bank Debits and Credits, known colloquially as the “Impuesto a los Débitos y Créditos Bancarios” (Tax on Bank Debits and Credits), known colloquially as the “Impuesto a los Débitos y Créditos Bancarios”. check tax “. However, Guzman’s recent comments suggest that this tribute could be joined by others.
Argentina could apply more taxes to crypto
As reported by Cointelegraph The conference participants discussed cryptocurrencies, noting in a report that such assets could threaten global financial stability in the short a trading technique in which a trader borrows an asset in order to sell it, with the expectation that the price will continue to decline. In the event that the price does decline, the short seller will then buy the asset at this lower price in order to return it to the lender of the asset, making the difference in profit. term. The Financial Stability Board mentioned that the dangers posed by the ever-increasing adoption of cryptocurrencies could “ escalate rapidly “. In this line of ideas, the agency also called for urgent action to ensure the containment of a crisis in the market.
The Financial Stability Board, which makes recommendations to G20 countries on financial rules, addressed its message to the countries’ political heads urging them to take steps to regulate the crypto space. The risk it sees lies in the latter’s close refers to the closing price; similar to the same term used in stock trading. connection to the traditional financial system, they argued, an argument several leaders agreed with.
In response to this discussion, Guzmán noted that the Argentine government agrees “ on the importance of developing a framework for collecting information to ensure full compliance with tax obligations ” . In addition, according to Chronicler The official made reference to the importance and need to solve the “.injusticias históricas” que generan los mecanismos de evasión y elusión fiscal.
An adequate solution to the problem of tax avoidance and evasion will make it possible to build a more inclusive, dynamic and sustainable global economy.
The Argentinian minister described tax evasion as one of the “ worst problems of the global economy “. He stressed in this regard that one solution to address a place where cryptocurrency can be sent to and from, in the form of a string of letters and numbers. this problem is to attack the challenges arising from the advanced process of economic digitization.
“ Transparency must be ensured in the methodology and information used to assess the fiscal impact of the global solution, thus providing certainty that each jurisdiction will have a valid and updated tool to make such assessment, before and during its implementation. “, Aggregate.
Observers disagree
While the minister did not elaborate precisely on the implications of the new legal framework, some observers from the local crypto community offered their opinions and conjectures on the possible new measures.
In conversation with Ámbito the co-founder and chairman of theONG Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. Argentina, Rodolfo Andragnes, especuló que probablemente lo que comenzó a analizar el Ministerio de Economía es “ personal property tax “ but added that “ it is not clear how it fits ” this measure. Andragnes shared his opinion that more taxes and measures for cryptocurrencies are not a viable solution.
“ Cryptocurrencies are probably part of the future and it is a thing to embrace and not push away, something to add and not to scare people off “, they say. “ On the other hand, they have to understand the whole range of cryptocurrencies out there, because they may take one definition on one side and not understand that there are some coins that are more like a security the term securities refers to a fungible and tradable financial instrument that carries a type of monetary value. “.
El contador y profesional de Ciencias Económicas, Cesar Litvin, precisó por su parte que “ no more tolerance for new taxes “and shared his view that the creation of new taxes could be unfavorable, as it would drive new investors away from the country.
“ [I don’t understand] what other tax do you want to add? “added Litvin. Finally, and in the same line of ideas, Diego Fraga, partner of Expansion Business Argentina said that the minister “ did not take into account an account is essentially a whose purpose is to track the financial activities of a specific asset/ the fact that cryptocurrencies are already taxed “.
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Article by Hannah Estefania Perez / DiarioBitcoin
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