TL; DR Breakdown
- Argentina releases decree to tax crypto transactions.
- The decree will clarify those who will be exempted from the rule.
- More countries are making crypto transactions tax free.
With digital assets achieving mainstream attention, there has been a record surge in the number of the sector’s participants. Due to this, governments across the world are making rules and regulations to safeguard their crypto sector. Asides from the rules, most of them are looking for a way to earn income through crypto, turning their attention to taxing crypto transactions. In a new report coming out of Argentina, the country’s government has decided to start taxing crypto transactions.
Decree for exempted investments
According to a news published by Bueno Aires Times, traders who make crypto transactions would be liable to pay tax. In the Argentine government’s decree, crypto transactions would be taxed under the country’s debts and credit tax laws. The order was released mainly to…