Argentina has formally committed to implementing the Organization for Economic Cooperation and Development's Crypto-Asset Reporting Framework (CARF) and beginning automatic exchange of crypto transaction data by September 2029. According to reports from the OECD's Global Forum on Transparency and Exchange of Information for Tax Purposes, Argentina joins 77 jurisdictions that have committed to the framework for cross-border crypto tax information sharing. The commitment was announced on September 14, establishing a deadline for Argentina to begin exchanges with other participating jurisdictions. The framework is designed to close the information gap left by traditional tax reporting rules that do not capture crypto-asset transactions, applying to a broad range of digital assets including cryptocurrencies, stablecoins, and certain non-fungible tokens.
Before exchanges can begin, Argentina must enact legislation and regulatory changes that align its domestic legal framework with the OECD's reporting standards. The country's tax authority will require new technical systems to receive, process, and transmit crypto transaction information securely. As reported by the OECD, the framework does not immediately create a new crypto tax or reporting regime for Argentine users. Participating countries are scheduled to start exchanges in 2027, 2028, or 2029 depending on their implementation timetable. The Global Forum will monitor Argentina's progress toward the September 2029 deadline while providing implementation support through its secretariat.
CARF is primarily directed at crypto-asset service providers that facilitate transactions for customers, including centralized exchanges and brokers. According to the OECD, reporting providers must collect identifying information about users and transaction data covering purchases, sales, and transfers by crypto assets. The records can include customer names, addresses, tax residence jurisdiction, tax identification numbers, and transaction data. Similar requirements have already begun taking effect across 48 jurisdictions, including the United Kingdom and European Union countries, with many preparing for their first information exchanges in 2027. Market participants, including crypto exchanges and service providers operating in Argentina, should monitor upcoming regulatory announcements to understand their compliance obligations.
The CARF commitment builds on Argentina's existing regulatory structure for crypto businesses, which was established after the country introduced a mandatory registry for virtual asset service providers in 2024. As reported by the OECD, Argentina's registration system requires businesses involved in buying, selling, sending, receiving, lending, or trading crypto assets to register with relevant authorities. Major exchanges like Bitget have secured Virtual Asset Service Provider registration, subjecting them to compliance and reporting obligations involving Argentina's Financial Information Unit and other authorities. The specific scope of Argentina's implementation under CARF has not yet been detailed, though the framework applies to a broad range of digital assets.
Argentina's crypto market remains heavily concentrated in stablecoins, which accounted for 94% of peso-denominated volume across tracked currencies, according to data cited in September. The country's financial groups have begun developing peso-denominated digital assets, with BIND Group and Petersen Group working on separate stablecoin projects. Argentina had previously been identified by the Global Forum as a relevant jurisdiction without a formal implementation commitment, alongside El Salvador, India, and Vietnam. The OECD has not yet identified Argentina's first annual reporting period under CARF once domestic rules take effect.
