Argentinian Tax Authority Wins Landmark Case to Confiscate Funds From a Digital Account – Regulation Bitcoin News

The case, which was won in an appeal in the Federal Chamber of Mar del Plata, might bring about more seizures of this kind and include cryptocurrencies as part of a stricter policy of the organization.The eyes of regulators around the world have turned to fintech and crypto companies and their operations. The Argentinian Tax Authority has recently won a landmark case in the area, allowing it to seize funds from a digital account in the country to pay tax-related debts.

The request, which was first denied by a judge and then accepted in an appeal at the Federal Chamber of Mar del Plata, may be the first of many seizures of this kind.The institution will be able to confiscate the totality of the funds owed to the state, adding 15% more for interest and processing charges. The chamber states that it doesn’t find any reason to not consider these and future funds, which were held in a digital Mercado Pago account, as part of the heritage of the account holder.

Well, at least they can pay taxes with USDT.

Copy CCP confiscation? No believe.

almost😂

Hmmm ... .GOV went to its' own corrupt court and won against the people. How is that surprising?

Damn, didn't know governments could confiscate your digital money.

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Question is they cannot get to private wallet impossible to tax or confiscate cause the encryption will not be broken.

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