Argentina Brings Crypto Transactions into Global Tax Data Sharing

Argentina has joined the OECD's Crypto-Asset Reporting Framework (CARF), which requires tax authorities to automatically share crypto transaction data across borders. This move is part of Argentina's efforts to bring its crypto market under a global tax-reporting system by 2029.

The country has eased crypto rules after reversing a strict 2022 ban, allowing digital asset services in mainstream banking apps. With this commitment, Argentina becomes the 77th jurisdiction to join CARF, a global crypto tax information-sharing system developed with G20 countries.

Argentina will need to build the legal and technical system required to exchange this information by September 2029. Once its domestic rules take effect, covered crypto-asset service providers will have to collect customer and transaction information, including a user's name, address, tax residence, taxpayer identification number, and transaction details.

The OECD Global Forum will monitor Argentina's progress and provide support during implementation. This move does not create a new crypto tax in Argentina but changes how information about crypto transactions is collected and shared with tax authorities.