The head of government of Buenos Aires, Horace Larreta, announced that the government would allow the payment of taxes in cryptocurrencies. The announcement is part of the digitization plan for Buenos Aires. The initiative of the Argentine capital will build the relationship between the city and its inhabitants.

Tax payments with cryptocurrencies for citizens of Buenos Aires

The government of Buenos Aires will allow its citizens to make payments for tax procedures in cryptocurrencies. According to the news published by a local news firm, the announcement was made by Horacio Rodríguez through a Zoom call. The effort is part of the city’s digitization plan. The plan revolves around the city’s plan to expand citizen access to government services. The futuristic plan called “Buenos Aires+” aims to shorten the distance between citizens and the city, thus bringing them closer. Diego Fernández, secretary of Digital Transformation and Innovation, stated about blockchain:

“I believe that blockchain technology will give the government the possibility of making all its acts more transparent and will encourage the participation of citizens in a deeper way”.Diego Fernandez

Rio de Janeiro suggested a similar approach in the month of March, which suggested accepting crypto for tax payments.

Source: Coinfomanía Buenos Aires seeks to implement several initiatives with the city plan. One of them is the digital identification system that will allow citizens to simplify the entire documentation and payment process. The initiatives will also allow citizens to manage different government offices and services on the same system.

“The Argentine government is a great promoter of the crypto ecosystem. It is probably the one that is favoring you the most in the world by establishing stocks, taxes, rates and forms. It catches you, then people look for ways out.”Diego Fernandez

The different adaptations and technologies of the government will move slowly but little by little they will be captured by the citizenry. Disclaimer: The information found on CryptoReport is that of the cited writers. It does not represent the opinions of Criptoinforma on whether to buy, sell or hold investments. You are advised to conduct your own research before making any investment decisions. Use the information provided at your own risk. See the Legal Notice for more information.

Buy and sell Bitcoin and other cryptocurrencies on Binance, the most comprehensive cryptocurrency exchange to safely and conveniently invest in the world’s most traded cryptocurrencies. Sign up and see how simple it is, go to: https://binance.com