The Argentine Government and legislators are trying to promote a bill to regulate the cryptomoney market in Argentina by the end of the year.
With the excuse of wanting to encourage the local crypto ecosystem, the legislators are trying to give a legal definition of cryptoactives, provide legal security, protect funds that are invested in this digital asset and protect the users who possess these digital currencies.
According to the legislators who are seeking to promote the project, the objective of this regulatory norm for crypto assets is to strengthen the local ecosystem, to promote further development, which would allow for greater job creation, and to try to adopt a financial system outside the traditional system.
Although the spirit of the norm is that digital currencies can be accepted as a means of payment for ordinary transactions, it is known that it is a double-edged sword for those of us who live in Argentina, since the state is a voracious entity that advances day by day over the private property of citizens.
For this reason, it is expected that soon after the regulation is sanctioned, the users of the ecosystem will be exposed to the tax authorities in the face of a future law that will impose the payment of taxes on the possession of digital assets.
In countries like ours, it is important to be aware of all the implications that such a rule may have.
Our country is a country in a state of bankruptcy and any measure that seems to be positive for the development of the country's ecosystem can become a big problem in a short time, because if there is something we do not have in this country, it is legal security.
We must be attentive to what is happening with this standard and not lose sight of one of the wonderful properties that blockchain technology has in the innominability in the holdings of cryptoactives.
