Argentina’s Mendoza province has allowed cryptocurrency tax payments, the local tax authority announced on Saturday. With a population of more than 2 million, Mendoza is the fifth largest territory in the country.
According to Mendoza’s government-published guidelines, users will be able to pay with any cryptocurrency wallet, including Binance, Bitso, Buenbit, Bybit, Ripio, and Lemon. Mendoza will only accept stablecoins for tax payments, including DAI and USDT.
The government said in a statement:
“This new service is part of a strategic goal of modernization and innovation implemented by the Mendoza Tax Administration that aims to provide taxpayers with various means to meet their tax obligations.”
The payments Mendoza received will be converted to Argentine pesos by an undisclosed online payment service provider, the government added.
In April, the Argentine capital Buenos Aires announced plans to allow tax payments in cryptocurrencies. So far, Mayor Horacio Rodríguez Larreta has not announced an exact launch date.
Besides, the Rio de Janeiro city of Brazil in March said it would allow real estate tax payments in cryptocurrency starting in 2023.