Argentina Eliminates Cheque Tax for Crypto Exchanges
- President Javier Milei signed Executive Order 475/2026, removing the “cheque tax” for crypto exchanges.
- The law removes a previous tax of 1.2% on transactions involving crypto assets, effective from November 2021.
- This reform aims to level the financial playing field between virtual asset service providers (VASPs) and traditional institutions in Argentina.
- Manuel Baudroit and Julian Colombo praised the move, highlighting its potential to boost crypto adoption and product offerings.
The removal of the cheque tax is expected to enhance the competitiveness of crypto exchanges by allowing them to lower transaction fees for users, thus encouraging wider adoption of crypto assets in Argentina.
By eliminating this tax, Argentina aims to democratize access to alternative financial platforms, potentially leading to an increase in crypto-based products and services available in the market. (Source)
