Argentina has introduced new regulations allowing citizens to invest previously undeclared funds, known as 'mattress money,' into cryptocurrency exchanges and brokerages. The Argentine Securities and Exchange Commission (CNV) has adapted its procedures to align with the recently approved Fiscal Innocence Law, which simplifies the tax regime and halts legal actions against tax evaders. This move aims to integrate informal capital into the financial system, fostering local investment growth.
Under General Resolution No. 1108, Argentines can now invest these funds through cash deposits to brokers or Virtual Asset Service Providers (VASPs), and conduct virtual asset transactions via registered accounts. Economy Minister Luis Caputo emphasized the potential for these measures to bolster the domestic capital market, channeling savings into real economy investments and supporting sustained economic growth.
Argentina Opens Door for 'Mattress Money' Investments in Crypto
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