Buenos Aires will accept cryptocurrencies to pay taxes

TL;DR Breakdown

• Capital city promotes the use of new technologies
• Buenos Aires + plan will seek to use the Blockchain network

Crypto trade is again present in Latin America, specifically in Argentina, where the Chief of the BA Government, Horacio Larreta, accepted cryptocurrencies to pay taxes. Larreta presents a scheme called “Buenos Aires +,” whose purpose is to renew and change the link between the private sector and citizens. In this way, Larreta believes that the capital city will be updating towards new technologies such as cryptocurrencies.

Argentina has become one of the leading Latin countries friendly toward the crypto market. In previous months, President Alberto Fernández hinted that his cabinet is studying adopting the use of cryptocurrencies in the country.

Buenos Aires accepts tax payments in crypto

Horacio Larreta, Chief of the BA Government, announced his latest developments based on cryptocurrencies, where he intends to accept them as a payment method for taxes. According to Larreta, this project does not seek to devalue its national currency. Still, it aims to make port payments in the city more flexible, considering that cryptocurrencies are a trendy topic globally.

Larreta had to agree with the crypto companies that work in the country to accept the tokens to make all this possible. The Buenos Aires + plan also aims to renew the entire city from a technological perspective, and the crypto market fits perfectly into the scheme.

Crypto projects under development within Argentina

As a country in Latin America, Argentina has shown its interest in crypto trading, where even its president is considering adopting them. However, the crypto projects in the country have been few if they are compared with the latest advances in Brazil and Colombia.

So far, Larreta talks about his Buenos Aires + plan that seeks to launch the most significant number of projects before the first half of the year. The chief clarifies that the technological scheme will have its platform where the plan progress will be shown, and the payment of taxes in cryptos will also be facilitated. For now, it has not been revealed which cryptos will be accepted.

Larreta says that the plan will seek to take advantage of the Blockchain network and educate citizens in the crypto market. The Chief of the BA Government believes that Buenos Aires will be the forerunner of these technological developments so that people can get involved in the decentralized market without problems.