Argentina to Join Global Crypto Transaction Reporting Network by 2029

Argentina announced its intention to implement the OECD‑backed Crypto Asset Reporting Framework (CARF) and become part of a worldwide network that will automatically share cryptocurrency transaction information with tax authorities in over 77 jurisdictions.

Key Elements of the Framework

• Virtual asset service providers (VASPs) will be required to report user identifiers and detailed transaction data, including purchases, sales, payments and transfers to external addresses.
• Argentina must enact domestic legislation by 2028 to obligate VASPs to collect and forward this information to the national tax regulator.
• Data collection is expected to start in 2028, with the first international exchanges of information slated for 2029.

Regulatory Goals

The move aims to bring crypto‑related tax oversight in line with traditional fiat‑currency reporting, giving Argentine authorities tools to detect and deter cross‑border tax evasion involving digital assets.

Global Context

With Argentina’s participation, the CARF network now includes 77 jurisdictions, many of them G20 members. Other countries such as Japan and France are also advancing domestic rules to comply with the framework.

Implications for the Crypto Industry

Crypto exchanges operating in Argentina will need to adjust compliance processes to capture and transmit the required data. The broader exchange of information is expected to increase transparency of crypto activity and improve tax collection worldwide.