Argentina Banks Introduce 1% Cash Deposit Tax For Enterprises
Rest assured this news will cause public outrage all over Argentina. The financial situation in Argentina is slowly starting to get out of hand. In a country plagued by hyperinflation, cash remains the dominant form of payment. Unfortunately, that is not to the liking of local banks. Their new plans involve charging a 1% fee for every cash deposit by companies and business owners. Consumers remain unaffected by this decision, for now. On paper, it does not make sense for Argentine banks to charge a fee for cash deposits. Sadly, that is the new plan moving forward, as all companies in the....
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Bitcoin Cash Argentina, a nonprofit foundation destined to increase the knowledge and adoption of the cryptocurrency in the country, has achieved its second milestone by crowdfunding a new circular economy campaign using Flipstarter. This new campaign goes even further with the goal of onboarding 250 merchants in the near future. Bitcoin Cash Argentina Funds Second Flipstarter Campaign Bitcoin Cash Argentina, a nonprofit organization that seeks to increase the knowledge and adoption of bitcoin cash (BCH) in Argentina, has successfully funded its second Flipstarter campaign, receiving 250....
The Central Bank of Argentina has taken steps to ban private banks from offering cryptocurrency services to customers in the country. The action comes after two banks had started offering cryptocurrency purchasing services from their apps. The measure is said to be directed at mitigating risks associated with cryptocurrency assets.
Central Bank of Argentina Closes Banking Crypto Offers
The Central Bank of Argentina is tightening its permissive attitude when it comes to the links between cryptocurrency assets and private banks. The institution has issued a document that deals with....
The Central Bank of Argentina has issued a new set of rules for operators of digital wallets in the country. Customers of companies like Uala, a wallet popular in Argentina, will now be qualified as financial users, having new protections similar to those offered by banks and other financial institutions.
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The rise of digital money and crypto in Argentina is causing regulators to pay attention. The Central Bank of Argentina recently issued a set of rules to heighten the level of protection users of popular digital....
As cryptocurrencies keep gaining adoption in Argentina, there are discussions on how the national regulatory bodies should regulate the industry. The Central Bank of Argentina (BCRA) seems to have taken a step forward in making the picture clearer. Banks Should Provide Data Such as National Identification Numbers and Home Addresses According to Infobae, the BCRA asked domestic banks to forward them information about its customers who deal with bitcoin (BTC) and perform any other kind of crypto transactions. The measure aims to evaluate whether the crypto market “should be required....