Crypto News From the Spanish-Speaking World: Oct. 28-Nov. 3 in Review

Publicado en by Cointele | Publicado en

The Spanish-speaking world has seen major cryptocurrency and blockchain developments with the Argentinian tax agency applying taxes to transactions with e-wallets, the central bank of Argentina tightening its restrictions on exchanges, and the Dash Latam community ceasing its operations.

The Argentinian tax agency will apply taxes to operations with electronic walletsIn Argentina, the Federal Public Revenue Administration will apply a value-added tax and income tax withholding regime for operations on electronic wallets.

The central bank of Argentina tightens exchange restrictionsCointelegraph en Español reported on Nov. 1 that the Central Bank of the Argentine Republic is adding new foreign exchange measures that further restrict citizens' freedom to buy and sell currencies.

Local card issuers will now be required to have central bank approval to access foreign exchange markets and make payments abroad using cards in games of chance, foreign exchange operations, transferring funds to investment managers abroad and acquiring cryptocurrencies.

Dash LatAm community ceases operationsDashLatAm, an organization promoting the adoption of the Dash cryptocurrency in Latin America, has announced that it is ceasing its operations.

In a statement, Dash LatAm announced the definitive closure of its operations in eight countries and 20 cities where they were working with their respective communities.

Executive director of Dash Latam George Donnelly said that Dash Latam decided to close after it was left without funding nearly six weeks ago, which led Donnelly to lay off approximately 80 staff members and cease operations in all the cities in which it was active.

The Argentine peso devalued 27% after Fernandez won the presidential electionsCointelegraph en Español reported on Oct. 29 that the Argentine peso suffered a double-digit devaluation that already exceeds 26.51%, since the return of Peronism to power after four years of absence.

28 Argentine Pesos on the country's domestic market.

At press time, foreign exchange markets are trading one U.S. dollar for 59.63 Argentine pesos.

x