Buenos Aires Confirms It Plans to Allow Citizens to Pay Taxes With Cryptocurrency

Share This Post

Buenos Aires

Horacio Larreta, the head of the government of Buenos Aires, the capital of Argentina, confirmed that the city will allow its citizens to pay some taxes with cryptocurrencies. This is part of a digitization plan that the city has named “Buenos Aires+” that seeks to simplify the relationship the city has with citizens.

Buenos Aires Government to Introduce Cryptocurrency Tax Payments

The government of Buenos Aires, the capital of Argentina, is planning to allow its citizens to pay some taxes with cryptocurrencies. According to local media, the announcement was made by Horacio Rodriguez Larreta — head of the Buenos Aires government — on a recent Zoom call. This initiative is part of a digitization push the city is planning to execute to broaden the access of citizens to documents and government services.

This plan, called “Buenos Aires+,” seeks to “simplify and streamline the link with citizens and the city,” according to Larreta. On the importance of blockchain for this digitization push (that seeks to automate 70% of formalities during its first year of implementation), Diego Fernández, secretary of Innovation and Digital Transformation, stated:

I believe that blockchain technology will give the government the possibility to make all its acts more transparent and encourage the participation of citizens in a deeper way.

This proposal is similar to the one presented by the government of Rio de Janeiro in March, which also announced it will accept cryptocurrency as payment for some kinds of taxes starting next year.


Digital Identification Project

One of the key projects that the city is looking to complete is the implementation of a digital ID system, that would let citizens simplify document requests and payments made to the city. The system also strives to be interoperable, meaning that several organizations of the government might interact with it in different ways. This could also ostensibly help to streamline time-consuming errands amongst different government offices, giving the citizen the opportunity of managing all their tasks in the same system.

Other public organizations could connect their systems to this hub, allowing them to also make use of the data directly. On this idea, Fernandez stated:

People will have governance over their information. We are developing a platform so that they can know who is requesting their data and what they are looking at. Each of these orders will be made in an open blockchain-based system.

Fernandez concluded by stating his team aims to implement these data administration use cases for 2023.

What do you think about Buenos Aires accepting cryptocurrency as payment for taxes? Tell us in the comments section below.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

How Bitcoin Spot ETF Inflows Affect BTC Price: A Deep Dive into the Bullish Surge

The post How Bitcoin Spot ETF Inflows Affect BTC Price: A Deep Dive into the Bullish Surge appeared first on Coinpedia Fintech News Over the last 30 days, Bitcoin has surged nearly 100% The market

Crypto.com Challenges SEC’s Authority in High-Stakes Lawsuit

The post Cryptocom Challenges SEC’s Authority in High-Stakes Lawsuit appeared first on Coinpedia Fintech News Cryptocom is making headlines with its bold lawsuit against the SEC, aiming to

Ripple Set To File Form C Next Week; What’s Next For SEC?

The post Ripple Set To File Form C Next Week; What’s Next For SEC appeared first on Coinpedia Fintech News The SEC recently filed its Form C, appealing a court ruling regarding Ripple’s XRP sales

POPCAT Nears Breakout Towards New ATH, But Analysts Warn Of Possible Correction

Multiple market watchers suggest that memecoin sensation Popcat (POPCAT) is about to rally towards a new all-time high (ATH) As the token attempts to reclaim key resistance levels, some analysts warn

Worldcoin Drops ‘Coin’ In Major Rebrand To ‘World’

Analysts are optimistic that cryptocurrency World, formerly known as Worldcoin, could potentially have a price rally despite experiencing a recent price drop Sam Altman’s Worldcoin said during

Why Is the Crypto Market Up Today?

The post Why Is the Crypto Market Up Today appeared first on Coinpedia Fintech News Cryptocurrency Market Today: The global cryptocurrency market is experiencing a boost today, with a 131% rise in