Argentinian Tax Authority Wins Landmark Case to Confiscate Funds From a Digit...
The Argentinian Tax Authority (AFIP) has won a historic case to seize taxpayer funds from a digital account. The case, which was won in an appeal in the Federal Chamber of Mar del Plata, might bring about more seizures of this kind and include cryptocurrencies as part of a stricter policy of the organization. Argentinian Tax Authority to Seize Funds From Digital Account The eyes of regulators around the world have turned to fintech and crypto companies and their operations. The Argentinian Tax Authority (AFIP) has recently won a landmark case in the area, allowing it to seize....
Related News
The Argentinian Tax Authority (AFIP) will now be able to confiscate the assets that taxpayers have in digital wallets if they have debts with the organization. The recommendation for attorneys of this institution to include these digital accounts was made last year, but the execution of debt collection was suspended during the Covid-19 pandemic period. However, these procedures started being executed on January 31.
Argentinian Tax Authority Eyeing Digital Wallets
The AFIP, the Argentinian Tax Authority, has included funds in digital wallets as one of the assets that can be....
Argentinian Tax Authority, AFIP, has stated that they will be able to seize any assets owed by taxpayers in digital wallets if the tax debts are not settled. Last year, the organization recommended the law but did not execute it until early 2022 during the Covid-19 pandemic. Related Reading | Making Money in Bitcoin Markets? Don’t Forget About Crypto Taxes The organization now has a procedure for confiscating digital assets in these accounts. This addition will allow authorities access not only bank accounts and loans given out by third parties but also houses and cars owned by....
A criminal justice service based in the Netherlands has been granted the power to confiscate digital currency holdings. As originally reported by Dutch newspaper Trouw, the Openbaar Ministerie, a national public prosecution service within the judiciary, now has the legal ability to seize the contents of bitcoin wallets from suspected or convicted criminals. It can also sell acquired bitcoins for fiat currencies soon after they are confiscated. According to DutchNews, citing original reports, the Openbaar Ministerie has already used this power to sell several hundred thousand euros worth of....
Russia’s prosecutor general, Igor Krasnov, says new crypto regulations are needed to combat corruption as — in his view — digital assets are often used to facilitate crime. Russian lawmakers are working on new legislation that would allow the government to confiscate cryptocurrencies, according to a senior official.Russian Prosecutor General Igor Krasnov claimed that the government is now developing a set of amendments to the country’s criminal code to allow authorities to seize crypto obtained from illegal activity, local news agency TASS reported.Speaking at a conference of prosecutors’....
Mendoza, an Argentinian province, has implemented a system that allows taxpayers to pay their taxes fully with cryptocurrencies. The system, which was launched this week, is part of a strategic push for the modernization and digitalization of payments carried by the tax authority of Mendoza and uses the services of a third party to process the transactions.
Mendoza Goes Crypto for Tax Payments
More and more governments are including cryptocurrencies as a way of paying state-related obligations due to their recent popularity. Mendoza, a province of Argentina, is one of the first....