Control over crypto traders began to be strengthened by many countries. South Korea, for example, will force all users of bitcoin exchanges to pay tax to the treasury from 2022.
Argentina is also acting in a similar direction. The country’s tax office this week ordered all crypto exchanges to provide information about investor transactions.
In addition, trading platforms will have to indicate in the data of their reports on traders of interest to tax authorities. As noted by the local publication Bae Negocios, the exchanges are committed to identifying crypto traders.
It is necessary to provide information about transactions every month by the 15th day.
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At the moment, Ripio is the largest cryptocurrency exchange in Argentina. In 2020, the number of its users exceeded 1 million. Note that at the beginning of last year, about 400,000 traders used the services of the exchange.
Argentina is on the list of those Latin American countries where the scale of investment in digital currencies is growing rapidly.
In the face of rising inflation, interest in the national currency is falling, and people are massively leaving for the American dollar and bitcoin.