Argentina to Share Crypto Asset Transaction Data with 77 Jurisdictions by 2029

Argentina has agreed to implement the Crypto-Asset Reporting Framework (CARF) established by the Organisation for Economic Co-operation and Development (OECD), planning to automatically exchange crypto transaction data with other jurisdictions by 2029. Currently, 77 jurisdictions have joined the framework. Under the framework, virtual asset service providers are required to report user identity information, as well as data on crypto asset purchases and sales conducted using fiat currency, digital asset exchanges, digital asset payments, and transfers between external addresses. Argentina will receive cross-border transaction information and share data on its domestic users with international regulators. Argentina must enact domestic regulations by 2028, clarifying data collection requirements and rules for virtual asset service providers to report information to tax authorities. The framework aims to apply similar information reporting standards to crypto asset transactions as those for fiat currency transactions, supporting tax authorities in identifying cross-border tax evasion.