Argentinian government removes proposal to reduce crypto tax from bill submitted to Congress

Government led by Argentine President Javier Milei has decided to remove the proposal to legalize cryptocurrency in the bill submitted to Congress. The reason for the removal is that the cryptocurrency clause delayed the parliament's handling of the entire bill, so the government chose to withdraw this part and promote consensus issues.

Previously, Javier Milei proposed to levy only 5% to 15% tax on cryptocurrencies in the bill, which is much lower than the tax that local cryptocurrency holders should pay.