The Latin American eCommerce giant Mercado Libre says it has acquired Redelcom, a Chilean payments service provider. “Mercado Libre seeks to consolidate its value proposition in Chile and enhance the growth of its multiple payment tools and digital financial solutions,” the Argentine company said in a news release Monday (Dec. 13). “This is part of […]
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Mercadolibre to Allow Users to Invest in Cryptocurrencies From Its Platform
Mercadolibre, one of the biggest online retailers in Latin America, has started rolling cryptocurrency trading services to a selection of their customers and plans to expand this test in the coming weeks. Mercadopago, the payments service native to the platform, will allow these customers to purchase, hold and sell cryptocurrencies directly from the platform. The […]
Bitcoin Daily: Hillary Clinton Critiques Bitcoin; Cryptocurrency Transactions Now Taxed in Argentina
Former Democratic presidential candidate Hillary Clinton has a skeptical view of bitcoin, saying there are worries that it could undermine the dollar, Bitcoin Magazine reported. “What looks like a very interesting and somewhat exotic effort to literally mine new coins in order to trade with them has the potential for undermining currencies, for undermining the […]
Argentina Releases Decree to Tax Crypto Exchanges, Transactions
Most cryptocurrency transactions and exchanges will be subject to taxation in Argentina after the government clarified and updated new rules limiting tax exemptions to third-party payment service providers, according to multiple reports. Argentina will levy a 0.6% tax on exchanges for cryptocurrency purchases and sales. The new tax is effective immediately. See also: Contentious Bitcoin […]
Argentina grava a los exchanges de criptomonedas
El país latinoamericano aplicará un impuesto de 0,6% a los compañías que ofrecen compraventa de cripto.
Argentina U-Turns On Crypto Tax With New Regulation
In an abrupt U-turn on an earlier stance adopted by the country’s authorities, the Argentinian government has released a decree that imposes a tax on credits and debts on transactions involving cryptoassets. The regulation was published on November 17, and the measures entered into force on the same day….
Read More: Argentina U-Turns On Crypto Tax With New Regulation
Argentina to Tax Crypto Exchanges
The Latin American country will levy a 0.6% tax on the exchanges on cryptocurrency purchases and sales.
Citizens in Argentina Might Have to Pay Crypto Taxes Depending on Location
A new crypto tax paradigm is brewing in Argentina, where two provinces have now approved crypto tax laws. This means that Argentinian citizens must disclose their cryptocurrency holdings and pay taxes according to the trades they do in the provinces of Tucuman and Cordoba. This is because cryptocurrencies have been grouped with all other international […]
Bitfarms Enters US Bitcoin Mining Market With 24 MW Hydropower Farm
The bitcoin miner acquired its first property on American soil in a bid to reduce operating costs and increase margins.
Bitfarms Reveals Argentina Mega-Mining Farm Location Details
Bitfarms, the Canada-based Bitcoin mining unicorn, has at last revealed details about its activities in Argentina. The company says that the Bitcoin mega mining farm, whose construction started last month, will be built in the province of Cordoba, in association with a private power plant. Bitfarms will purchase the energy directly from this private power […]