Buenos Aires Confirms Plans to Accept Crypto for Tax Payments

The head of the Buenos Aires Government, Horacio Rodríguez Larreta, will allow cryptocurrencies to use for paying taxes.

Larreta presented his new project called “Buenos Aires +” with the objective “to simplify, streamline and substantially transform the link with citizens and private sector,” he said: “We want to continue modernizing, streamlining, making easier the way in which citizens and the private sector relate to the State.”

Moreover, the Head of Buenos Aires explains that the government will not receive cryptocurrencies directly from residents but in Argentine Pesos through conversions carried out by the leading cryptocurrency companies in the country.

Horacio Rodríguez Larreta said in the statement

This does not mean that the City is going to have cryptocurrencies in its public accounts, but rather that based on an agreement with the virtual wallets we are going to add a payment option to those we already have.

Buenos Aires + has twelve measure plans to continue building a technological, modern, efficient, and close state.

According to Larreta, Buenos Aires + will contain a digital identity platform for the second quarter of 2022, in which civil documents will be issued digitally. Having a digital identity will allow residents to certify their information; documents; and personal records, facilitating the management of procedures and applications.

Larreta said:

All this flow of information that is going to increase exponentially, is going to be protected by Blockchain technology. We are going to be pioneers in the use of this technology so that it is the users themselves who control their data.

In other news, Polkadot added Buenos Aires as its fifth location for its biggest ‘Polkadot Decoded’ annual event. An event is a hybrid event that aims to cater to a truly global ecosystem. Additionally, Polkadot Decoded will also have an interactive video live stream of the event, which is one of the goals of Buenos Aires +.