Proposed Argentine Legislation to Recognize Crypto Mining as Key Economic Activity
Argentine Senator Ezequiel Atauche proposes inclusion of cryptocurrency mining in Knowledge Economy Promotion Law No. 27,506.
Proposal aims to extend tax incentives to blockchain technology, aligning with sectors like AI and biotechnology.
Argentine Senator Ezequiel Atauche recently proposed an amendment to Law No. 27,506, the Law of Promotion of the Knowledge Economy, to include cryptocurrency mining and blockchain technology among the activities eligible for fiscal incentives.
Enacted in 2019, this law aims to stimulate sectors that are intensive in technology and knowledge through tax benefits, enhancing development and creating high-quality jobs in areas of high innovation.
The document disclosed that “the Law for the Promotion Regime of the Knowledge Economy (27,506) was enacted in Argentina in 2019 and aims to promote knowledge and technology intensive activities through tax benefits, contributing to the development and generation of quality employment in high innovation sectors. Promoted activities include: software, biotechnology, artificial intelligence, professional services, audiovisual industry, and several others related to the knowledge economy”.