In Argentina, it was legally allowed to punish tax evaders by confiscating their cryptocurrency wallets. The country’s Internal Revenue Service (AFIP) is already actively pursuing evaders of innovative technology.
Many citizens, in the conditions of inflation that plagues the country, do not have bank accounts or properties, but run a clandestine business without paying taxes. There is nothing to take from them through court, because they supposedly have nothing, but many crypto wallets were found.
At the beginning of the year, the regulator managed to get the government to add this savings tool to the list of assets subject to confiscation.
During 4 months, 1,269 digital wallets of lawbreakers were detained for a total of $800 million.
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Source: IXBT
