Milei Drops Crypto Taxes from Argentine Reform Bill to Speed Passage
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Argentina's President Javier Milei has removed proposed cryptocurrency taxes from his controversial reform bill to expedite its approval.
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The bill, "Law of Bases and Starting Points for the Freedom of Argentines," aims to introduce sweeping economic, social, and administrative reforms.
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Removing the crypto tax provisions avoids debates that could delay passage of reforms Milei deems more critical.
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Tax implications for crypto investors in Argentina remain unclear and concerning. Profits above a threshold would still be taxed.
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Dropping the crypto tax may be a strategic concession as Milei lacks Congressional majority support for the far-reaching, radical reforms.