Argentina Bitcoin Reserves and Cryptocurrency Policies
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Argentina Bitcoin Reserves and Cryptocurrency Policies

Argentina promotes crypto adoption with legal contracts in Bitcoin and tax amnesty programs, despite no strategic reserves and strict VASP regulations, driven by 209% inflation (May 2025).

Bitcoin Reserves

~50โ€“100 BTC from seizures
Valued at ~$5Mโ€“$10M (May 2025)

Regulatory Stance

Friendly
High adoption and permissive policies despite strict oversight

Government Activity

Liquidates seized BTC; allows crypto for contracts and rent
$LIBRA scandal (2025) under investigation

Argentina Cryptocurrency Profile

Country BTC Reserves % of Global Holdings Legal Status Last Updated Key Policies
Argentina ~50โ€“100 BTC Estimated ~0.0005% Friendly 2025-05-10
  • Dec 2023 decree allows contracts in Bitcoin or other currencies; rent payments in crypto permitted (2024)
  • CNV mandates VASP registration (Mar 2024) for exchanges, custodians; compliance deadline Aug 2025, aligns with FATF/IMF
  • Tax amnesty: 5% tax for crypto declarations by Mar 2024, 15% by Nov 2024; otherwise, ~15โ€“35% capital gains tax
  • BCRA bans banks from crypto services (May 2022, IMF-driven); P2P platforms and informal โ€œCuevasโ€ dominate
  • Crypto not legal tender; only peso accepted; stablecoins (68%, e.g., USDT) lead, Bitcoin 14.7%
  • ~23.8% of Argentines (~11M users) own crypto; $91B in crypto value received (2023โ€“2024); 15th globally (Chainalysis)
  • $LIBRA coin collapse (Feb 2025) caused $4.6B loss; Milei under fraud probe, but crypto policies unchanged