Argentina scraps cheque tax for regulated crypto exchanges

Argentina has removed the transactional cheque tax for registered and regulated cryptocurrency exchanges. The decision marks a shift in the country’s approach to digital asset trading. It follows a long period of disadvantage for local platforms compared to offshore competitors. The exemption specifically targets the cheque tax, which applies to credits and debits in bank accounts. It does not remove all obligations, as exchanges must still meet local licensing and reporting rules. The change is intended to support compliant platforms and discourage informal peer-to-peer trading.

The move ends a 534-day tax burden on domestic crypto brokers. It aligns with the Milei administration’s broader push to deregulate financial markets and reshape access rules. Argentina’s crypto sector is already one of the most active in Latin America, driven by ongoing currency instability.

By levelling the playing field, regulators aim to improve transparency. Domestic exchanges may now compete more fairly with offshore services, making it easier to track transactions without restricting access. The exemption rewards platforms operating within Argentina’s legal framework. It could strengthen oversight of the crypto market while maintaining access for traders. The change reflects the government’s wider efforts to modernise financial regulations.