Trying to contol crypto

[jeff1234]

Argentina Orders Crypto Exchanges to Give Monthly Reports on Users - Decrypt

Argentina's tax authority, AFIP, is now demanding monthly reports on client data from crypto exchanges in the country.

decrypt.co

 

[Redpossum]

Yeah, good luck with that. Because Argentinos are totally going to cooperate. Yes. Certainly.

 

[BAHibs]

"Hi this is the AFIP. Now that we've restricted dollar purchases we see that you are trying to protect the value of your savings from 40+ inflation through crypto? Yeah sorry we can't be having that."

 

[sts7049]

reeks of desperation

 

[Sequoia1321]

You think they're going to ban crypto or are they trying to regulate it for tax purposes, etc.?

 

[¡Sencillamente yo!]

They only ban it, if they can't regulate it.

 

[Dougie]

The upper class or more technical user will use decentralized exchanges, non custodial wallets, cash out by sending to cuevas or wallets abroad.

If they ban cryptocurrency exchanges it will just hurt the average middle class person. It will hurt the country from a technological standpoint too. Crypto is web 3.0 - decentralization of applications and financial technology. One of Argentina's bright spots is they have a lot of talented computer engineers. They should embrace it, but I'm guessing they won't.