{"id":144697,"date":"2024-12-13T13:00:41","date_gmt":"2024-12-13T11:00:41","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=144697"},"modified":"2024-12-13T01:33:48","modified_gmt":"2024-12-12T23:33:48","slug":"argentinas-president-proposes-bitcoin-integration-and-tax-reform","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/argentinas-president-proposes-bitcoin-integration-and-tax-reform\/","title":{"rendered":"Argentina&#8217;s President Proposes Bitcoin Integration and Tax Reform"},"content":{"rendered":"<p>His <strong><a href=\"https:\/\/www.casarosada.gob.ar\/slider-principal\/50817-discurso-del-presidente-javier-milei-en-cadena-nacional-por-el-ano-de-gestion\">proposals<\/a> <\/strong>for 2025 focus on greater economic freedom, including allowing citizens to transact in any currency, such as <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong>, alongside traditional fiat currencies. This move aims to enhance financial flexibility and reduce reliance on the Argentine peso.<\/p>\n<p>Milei\u2019s approach mirrors El Salvador\u2019s Bitcoin adoption model but is tailored to Argentina&#8217;s specific needs. As part of his broader economic overhaul, Milei also announced plans to cut national taxes by up to 90%. This would ease the financial burden on individuals and local governments, allowing them to create more localized taxation systems.<\/p>\n<p>A significant challenge remains the taxation of Bitcoin, which, according to Ricardo Mihura from Bitcoin Argentina, complicates its use as a currency. Bitcoin transactions currently face income tax on exchange rate differences, a burden not imposed on other currencies like dollars or euros.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/mega-bullish-bitcoin-price-prediction-from-top-crypto-expert\/\" title=\"Mega Bullish Bitcoin Price Prediction From Top Crypto Expert\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/01\/bitcoincryptotoken-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Mega Bullish Bitcoin Price Prediction From Top Crypto Expert<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>While Milei\u2019s advocacy for cryptocurrency has met with some resistance, his vision for financial autonomy continues to gain traction.<\/p>\n<p>Argentina&#8217;s crypto initiatives are part of a broader South American trend toward digital currencies. Brazil, for example, has advanced with its central bank digital currency (CBDC), while Venezuela\u2019s crypto market has grown rapidly. Under Milei, Argentina is positioning itself to play a key role in this regional push for crypto adoption, potentially setting the stage for further global influence in the sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Argentina&#8217;s President Javier Milei is pushing forward with groundbreaking reforms that could reshape the nation\u2019s financial landscape.<\/p>\n","protected":false},"author":9,"featured_media":27726,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[27],"tags":[],"class_list":["post-144697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Argentina&#039;s President Proposes Bitcoin Integration and Tax Reform<\/title>\n<meta name=\"description\" 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