Argentina will begin exchanging cryptocurrency transaction data with tax authorities around the world by 2029 after agreeing to adopt new international reporting standards.
The move is intended to give Argentine regulators greater powers to tackle tax evasion involving cryptoassets, including transactions carried out through virtual asset service providers (VASPs) registered overseas.
The Global Forum on Transparency and Exchange of Information for Tax Purposes announced on 14 September that Argentina would implement the Crypto Asset Reporting Framework (CARF). The framework was developed by the Organisation for Economic Co-operation and Development (OECD) to establish the automatic exchange of crypto transaction information between participating jurisdictions.
Under the agreement, Argentina will provide international regulators with details of users’ crypto activity and receive equivalent information about transactions carried out abroad.
The data covered by the framework includes user identification details, purchases and sales of cryptoassets using fiat currency, exchanges between digital assets, payments made in crypto and transfers to and from external addresses.
Argentina must now introduce domestic legislation and establish rules requiring VASPs to collect the information and submit it to the country’s tax authority.
Although exchanges are due to begin in 2029, data collection could start as early as 2028. The measures are designed to bring crypto transactions into line with the reporting requirements already applied to fiat transactions.
They will also give tax authorities access to information about international crypto activity that, until now, was not necessarily reported to foreign tax agencies.
Gael Perraud, chair of the Global Forum, said Argentina’s decision was significant because the country has a high level of crypto adoption.
“It will help ensure that Argentina’s tax authorities are equipped with the information they need on transactions in crypto-assets taking place abroad, and reinforces international efforts to address the tax evasion and avoidance risks created by the increased use of crypto-assets,” he said.
Argentina’s commitment takes the number of jurisdictions signed up to the CARF to 77. The group includes G20 countries, all of which are due to start exchanging information by 2029.
Japan agreed to implement the framework in April, while France is drafting domestic regulations to comply with CARF and increase its collection of crypto-related tax.
Chainalysis estimates that France generated $9.4 billion in taxable crypto activity in 2025. However, only 24,000 French taxpayers declared €368 million…
