Argentina carries out crypto wallet seizures linked to tax delinquents
Argentinian tax dodgers are seeing their cryptocurrency wallets seized by the local tax authority. Argentina’s tax authority has seized more than 1,000 cryptocurrency wallets linked to delinquent taxpayers in the country.According to a report from local media outlet iProUP, courts across Argentina authorized the seizure of 1,269 cryptocurrency wallets belonging to citizens with outstanding debt to Argentina’s Federal Administration of Public Income (AFIP).AFIP signaled its intent to go after cryptocurrency wallets belonging to tax delinquents in May, ordering cryptocurrency exchanges and....
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The Argentinian Tax Agency, the AFIP, has ramped up the seizures of digital wallets of taxpayers in the country. The institution managed to seize more than 1,200 digital wallets of taxpayers that had debts and didn’t have a bank account, or other properties available to be collected by the courts. While the organization has yet to order crypto-related seizures, this could be possible in the future.
Argentinian Tax Agency Seizes More Than 1,200 Digital Wallets
Tax regulators around the world are becoming more and more aware of the different ways in which taxpayers can hide....
James Downer is a student of International Relations and Computer Science and is fascinated by the collision between the two subjects. In this article, Downer discusses last Wednesday's debt default by Argentina, bitcoin's growing role in the country and its thriving black market for dollars. If Argentina's 'Default Wednesday' had been as bad as its 2001 debt default, the country's citizens would be scrambling en masse for alternatives to the peso - such as bitcoin. When Cyprus, with a population of just over a million, suffered a financial crisis in 2013, freezing bank accounts and....
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.
Central Bank of Argentina Strengthens Digital Wallet Supervision
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....
The Public Prosecutor’s Office of the Argentine city of Córdoba has indicted 12 people in connection with the Onecoin Ponzi scheme. Eight of them have been arrested. Onecoin Scammers Arrested The Public Prosecutor’s Office for Complex Crimes of the Argentine city of Córdoba ordered the arrest of 12 people linked to the Onecoin Ponzi scam on Thursday, several local news outlets reported. The Bulgaria-based scheme has been described as one of the biggest scams in crypto history, having netted about $4 billion from operations. The Complex Crime Investigation Unit of....
The City of Seoul becomes the first city in South Korea to confiscate cryptocurrencies owned by tax delinquents. The city government of South Korea’s capital Seoul has announced the seizure of cryptocurrencies worth 25 billion won ($22 million) from individuals and company heads.According to a report by The Korea Times, the confiscated crypto came from people identified as tax delinquents by the city’s tax collection agency.As part of the investigation, the Seoul office of the National Tax Service identified 1,566 individuals and company heads with overdue taxes. The NTS office in Seoul....