Argentina to share crypto transaction data globally by 2029

Argentina announced plans to make cryptocurrency transaction records for Argentine users available to foreign authorities by 2029, setting a deadline for cross-border information sharing aimed at detecting tax evasion and illicit finance.

The government outlined a timeline under which regulators, the tax agency and the country’s financial intelligence unit will collect standardized transaction and user data and exchange it with international counterparts. Officials expect a phased rollout so domestic institutions and private firms can build the technical systems and legal frameworks needed to export detailed crypto records to partner jurisdictions.

The program is intended to cover transactions by Argentine users on both domestic and foreign platforms. Authorities say the data set will include transfers and custodial account records commonly used to trace value movement, though a final list of fields to be shared has not been published. The government plans to negotiate bilateral and multilateral agreements to define how shared data will be used and protected.

To enable the exchange, regulators will require crypto platforms that operate in Argentina or serve Argentine residents to collect standardized user and transaction information and retain records for cross-border requests. Domestic exchanges and foreign firms with Argentine customers will be expected to adapt know-your-customer checks and reporting systems. The government signaled it will invest in digital infrastructure and provide staff training for tax and law-enforcement teams that will analyze incoming data.

Authorities said the initiative will align with international technical and legal standards for sharing crypto information, though the announcement did not name specific multilateral instruments. Papers released with the plan emphasize compliance with existing privacy and data-protection laws and outline safeguards and dispute-resolution mechanisms for handling shared information.

Some market participants and privacy advocates warned that broad data-sharing requirements could increase compliance costs for smaller platforms and raise privacy risks if safeguards are not strictly enforced. Regulators plan consultations with industry stakeholders and civil-society groups while drafting implementing rules and intend to publish timelines and technical guidance to help firms prepare.

Argentina has one of the highest rates of cryptocurrency adoption, driven in part by persistent inflation and currency controls. Policymakers linked the new reporting framework to efforts to broaden tax collection and reduce opportunities for cross-border money laundering. The 2029 deadline gives Argentine authorities and private-sector providers several years to align domestic law, industry practice and technical systems with the requirements of international partners.