Buenos Aires has implemented a 6% gross income tax on cryptocurrency transactions, targeting the difference between the purchase and sale prices. This new tax framework affects freelancers and businesses involved in crypto trading. Additionally, companies providing mining and custody services will incur a 4% tax on their related income. The introduction of this tax is intended to bring clarity to the regulatory environment, but it has sparked criticism from industry analysts who view it as regressive and a potential barrier to crypto adoption. Local exchanges have expressed concern, suggesting that the tax could exacerbate the existing challenges faced by the crypto industry in Argentina, leading to increased costs and diminished investment.