Buenos Aires Soon to Accept Tax Payments with Cryptocurrencies

The capital city of Argentina, Buenos Aires, will soon be accepting tax payments made with cryptocurrencies.

Mayor Horacio Rodríguez Larreta made the announcement on Monday noting that the City government will not receive crypto directly from its residents but, with the help of “leading” crypto companies, Argentine pesos instead.

Larreta said:

“The city is not going to have crypto in public accounts, but through an agreement with virtual wallets we are going to add one more payment option to the ones we already have, with the idea of making things easier.”

Buenos Aires secretary of innovation and digital transformation commented that crypto payments will be made available in the coming months and added that the city has partnered with local exchanges SatoshiTango, Buenbit, Ripio and Belo, and Mexico-based Bitso.