The Argentinian Tax Agency, the AFIP, has ramped up the seizures of digital wallets of taxpayers in the country. The institution managed to seize more than 1,200 digital wallets of taxpayers that had debts and didn’t have a bank account, or other properties available to be collected by the courts. While the organization has yet to order crypto-related seizures, this could be possible in the future.
Before this, the organization had 19 months without executing any debt collections due to the measures the Argentinian government took to safeguard the properties of its citizens during the Covid-19 pandemic cycle.While there are no concrete procedures that describe when the tax authorities can seize these kinds of assets from debtors, the seizures usually proceed when there are no more liquid assets that can be seized, like funds in a bank account or other properties.
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