Buenos Aires allows tax payments using virtual assets

Source
Uk Jin

Summary

  • Buenos Aires authorities said they have allowed tax payments using citizens' and companies' virtual assets.
  • It reported that digital assets such as Dogecoin (DOGE) can now be officially used to pay government-related costs.
  • The city authorities said they are conducting educational campaigns on virtual assets in cooperation with Binance.

Argentina's capital, Buenos Aires, announced a policy allowing citizens and companies to pay taxes using virtual assets (cryptocurrencies).

On the 6th (Korean time), according to crypto-focused outlet Cryptopolitan, Buenos Aires authorities, as part of the 'BA Crypto' initiative, allowed citizens to pay taxes and administrative fees with digital assets, including Dogecoin (DOGE).

The purpose of this measure is to enable citizens to pay government-related costs, such as taxes, using an efficient method.

In addition, city authorities are running educational campaigns related to virtual assets. They have launched the 'Live Crypto in Your City' campaign in cooperation with Binance and are informing residents about the basics of virtual assets and how to use them safely.

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Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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