Circle · Spain · Executive Order · Bitcoin.com News
Argentina has taken a step in the right direction to democratize access to alternative financial platforms in the country
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President Javier Milei has issued an executive order declaring tax exemptions for virtual asset service providers (VASPs) registered in Argentina.
Key facts
- Similarly, Manuel Baudroit, co-founder, CEO, and CPO at Belo, thanked Javier Milei, stressing that “millions of Argentines will benefit from these decisions
- The administration of Javier Milei has issued an executive order establishing exemptions to the 1.2% tax affecting money flows involving VASPs
- President Javier Milei has issued an executive order declaring tax exemptions for virtual asset service providers (VASPs) registered in Argentina
- Now, these 1.2% savings will be extended to customers, as exchanges are poised to become more competitive, lowering deposit and withdrawal fees previously impacted by this surcharge
Summary
The administration of Javier Milei has issued an executive order establishing exemptions to the 1.2% tax affecting money flows involving VASPs. Javier Milei signed Order 475/2026, cutting exchange tax costs to level the Argentine crypto market. The law cuts a 1.2% cheque tax from November 2021, allowing exchanges to drop fees for users. Manuel Baudroit thanked Javier Milei for the reform, which is expected to boost the crypto product suite in 2026. Argentina has taken a step in the right direction to democratize access to alternative financial platforms in the country.