Argentinian Province Mendoza Starts Accepting Tax Payments in Crypto
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....
Related News
Although the crypto market has been facing tough times with Fed adding fuel to the fire with its hawkish approach to the industry, some countries have shown an incredible interest in digital assets simultaneously. The fifth most populous territory of Argentina, Mendoza, known for its production of wine, now accepts crypto payments to receive provincial […]
The New Mendoza Tax Administration crypto payment service turned on as of Aug. 24. In another shift toward widespread crypto adoption in Argentina, citizens from the Mendoza Province can now pay government fees and taxes using cryptocurrencies. In an Aug. 27 statement, the Mendoza Tax Administration (ATM) described the new crypto payment service as fulfilling "the strategic objective of modernization and innovation," giving "taxpayers different means to comply with their tax obligations." The service officially began operation on Aug 24., but at this stage, it will only accept stablecoins....
The Argentinian province of Misiones plans to issue its own stablecoin in the future. This is one of the objectives that a recently approved law, the Missionary Financial Innovation Program with Blockchain and Cryptocurrency Technology, proposes. Misiones will also use a blockchain to issue documents and certificates to digitalize much of its work. Misiones to Issue Stablecoin The Argentinian province of Misiones informed last week it plans to issue its own stablecoin. This is part of an economic plan that seeks to modernize the structure of the province through the implementation of....
Bitcoin is slowing but surely making its way into the heart of society as we know it. Earlier this week, a major entertainment center in the city of Las Vegas, which is known for its gambling and bustling nightlife, said it would start accepting Bitcoin payments for VIP bottle service online. The payments would be […]
Per the all-time mainstream adoptions of crypto, McDonald’s Fast-food chain has started accepting Bitcoin payments in Lugano. A news outlet shared a video of customers paying for their orders with Bitcoin via McDonald’s electronic kiosk. Top players in the crypto industry are advocating the mainstream adoption of crypto for local payments, cross-bother payments, and remittance. […]