"The Argentine government, presided by Javier Milei, has resolved to drop the tax opportunities for crypto in the omnibus bill presented to Congress. The bill allowed taxpayers to declare the ownership of some previously undeclared assets, with crypto also included, reducing the payments and fees for this task.
Argentine Government Excludes Crypto Opportunities From Omnibus Bill
The Argentine government has withdrawn the opportunities for declaring ownership of certain assets, including crypto, from the omnibus bill presented to Congress this month. The bill, titled “Law of Bases and Starting Points for the Freedom of Argentines,” seeks to advance reforms in several areas, including getting legislative powers for President Javier Milei, who could take action directly in several fields, sidestepping Congress."
This guy Javier Milei is kind of weird, he is coming up with policies that should either destroy the country or save it. First, he tries to implement a policy in a country that is ranked 98th most corrupt nation then he takes only 20 days to take it back. He would have eventually realized that he was going after the rich or the elite. I doubt apart from the rich and elite there would be others investing in cryptocurrencies in that country. He would have also realized that these guys can bribe the officials to not investigate them if they do not declare their assets in crypto or stocks.
What he will now do is come up with a harsher policy to tax the rich and elites who are hiding their funds. That will mean he would need to implement a regulation around it. Seeking reforms using policies and regulations never works unless you handle corruption, he needs to first focus on that area of concern and then think about generating revenue through tax for his country