In Argentina, the government’s attitude towards cryptocurrencies has been limited to the issuance of regulations related to their taxation and the prevention of money laundering and financing of terrorism.
The Argentine government has not implemented specific regulations on the exchange, issuance or, in general
In Argentina, the government’s attitude towards cryptocurrencies has been limited to the issuance of regulations related to their taxation and the prevention of money laundering and financing of terrorism.
The Argentine government has not implemented specific regulations on the exchange, issuance or, in general, the use of such digital assets, adopting an attitude of observation towards the development of the general impact of cryptocurrencies on the Argentine market.
In Argentina, cryptocurrencies such as Bitcoin are defined by the Financial Information Unit (Unidad de Información Financiera, “UIF”) as a “digital representation of value that can be digitally traded and functions as a medium of exchange; and/or a unit of account; and/or a store of value, but does not have legal tender status in any jurisdiction and is neither issued nor guaranteed by any government or jurisdiction”.
The Argentine Civil and Commercial Code (the “Civil Code”) determines that individuals and legal entities are entitled to all the corresponding rights over the assets that are part of their property. In this regard, the Civil Code classifies assets into two categories: (i) tangible; and (ii) intangible.
As opposed to those that have 