Afghanistan vs Argentina
Crypto regulation comparison
Afghanistan
Argentina
Banned
Legal
Afghanistan effectively banned cryptocurrency in August 2022 under Taliban rule, declaring crypto 'haram' (forbidden). Authorities shut down 16 crypto exchanges in Herat and arrested traders. In 2024, enforcement intensified with provincial bans and public denouncements. Underground P2P trading persists despite the crackdown.
Cryptocurrency is legal in Argentina and widely adopted due to persistent inflation and currency controls. The CNV regulates crypto service providers under a 2024 registration framework. Argentina has one of the highest crypto adoption rates globally, with stablecoins used as a hedge against peso devaluation.
Tax Type
None
Tax Type
Income
Tax Rate
N/A
Tax Rate
5% (peso-denominated) / 15% (foreign currency)
Exchanges
No
Exchanges
Yes
Mining
No
Mining
Yes
Regulator
Da Afghanistan Bank (Taliban administration)
Regulator
CNV (Comisión Nacional de Valores), BCRA
Stablecoin Rules
Not applicable — crypto banned
Stablecoin Rules
No specific stablecoin regulation; USD-pegged stablecoins widely used informally
Key Points
- Taliban banned crypto in August 2022, declaring it haram (forbidden)
- 16 crypto exchanges shut down in Herat; traders arrested
- 2024 provincial bans with public loudspeaker campaigns against crypto
- Crypto was used during the 2021 transition period for fund transfers
- Underground P2P trading persists for remittances despite ban
Key Points
- CNV registered as the regulatory authority for virtual asset service providers (VASPs) under FATF guidelines
- Crypto gains taxed as income under the income tax law at progressive rates
- High adoption driven by inflation and capital controls on the Argentine peso
- Exchanges must register with the CNV and comply with AML/KYC requirements
- No legal tender status for crypto; the peso remains the only legal tender