Agency Supports Creation of Global Crypto Report System to Avoid Evasion

AFIP, Argentina's tax agency, is helping to create a centralized system that serves as a registry for cryptocurrency holders. According to its chief, this will make it easier for tax agencies around the world to prevent fraud. The company has already used financial information to collect taxes from Argentine users, including bank accounts abroad.

AFIP, Argentina's national tax collection agency, seeks to enhance its expertise in crypto-related tax collection. In this sense, the organization has expressed its support for the creation of a cryptocurrency holder registry, changing the current automated exchange data system to include digital resources, managed by the Organization for Economic Co-operation and Development (OECD). The head of AFIP, Mercedes Marco del Pont, said at an event