Argentina will share cryptocurrency trading data before 2029, involving 77 jurisdictions

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 cryptocurrency transaction data with other jurisdictions by 2029. Currently, 77 jurisdictions have joined this framework.

According to the framework, virtual asset service providers must report user identity information, as well as data on cryptocurrency transactions using fiat currency, digital asset exchanges, digital asset payments, and transfers between external addresses. Argentina will receive information on overseas transactions and share relevant data about its users with international regulatory bodies.

Argentina must establish domestic regulations by 2028 to clarify data collection requirements and the rules for virtual asset service providers to report information to tax authorities. The framework aims to apply similar information reporting standards for cryptocurrency transactions and fiat currency transactions to help tax authorities identify cross-border tax evasion activities.