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Crypto Crackdown Looms in Argentina As Milei’s Bill Demands Full Disclosure

Published by
Benzinga

Argentina’s newly elected President Javier Milei has introduced a draft bill that could significantly impact cryptocurrency holders in the country. This legislation, part of a broader economic and political reform package, aims to incentivize Argentines to declare both their domestic and foreign cryptocurrency assets. In return, they would benefit from a favorable tax rate and the legalization of these assets, irrespective of their origin or storage location, Coindesk reported. President Milei, who gained popularity in the crypto community for his positive stance on Bitcoin (CRYPTO: BTC) durin…

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