BTC $67,837.00 (+1.42%)
ETH $1,962.90 (-0.43%)
XRP $1.42 (-0.40%)
BNB $612.86 (+0.94%)
SOL $83.58 (+1.87%)
TRX $0.28 (+1.37%)
DOGE $0.10 (+0.93%)
BCH $560.49 (+0.29%)
ADA $0.27 (-0.43%)
LEO $8.58 (-0.86%)
HYPE $29.15 (+0.50%)
XMR $334.86 (+3.36%)
LINK $8.68 (+0.27%)
CC $0.16 (-2.16%)
XLM $0.16 (-0.24%)
RAIN $0.01 (+4.18%)
ZEC $262.73 (+0.60%)
HBAR $0.10 (+0.17%)
LTC $53.48 (+0.70%)
AVAX $9.24 (+4.41%)

Argentina vs South Africa

Crypto regulation comparison

← Back to map | Argentina | South Africa
Argentina

Argentina

South Africa

South Africa

Legal
Legal

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.

South Africa has embraced crypto regulation. In 2022, the FSCA declared crypto assets as financial products under the Financial Advisory and Intermediary Services (FAIS) Act, requiring crypto service providers to obtain FSCA licenses. SARS taxes crypto gains under capital gains tax (up to 18% effective rate for individuals) or income tax depending on trading frequency. South Africa is the largest crypto market in Africa.

Tax Type Income
Tax Type Capital gains
Tax Rate 5% (peso-denominated) / 15% (foreign currency)
Tax Rate 18% (effective max ~18%)
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining No No
Regulator CNV (Comisión Nacional de Valores), BCRA
Regulator FSCA (Financial Sector Conduct Authority), SARB (South African Reserve Bank)
Stablecoin Rules No specific stablecoin regulation; USD-pegged stablecoins widely used informally
Stablecoin Rules Crypto assets declared financial products under FAIS; stablecoins included
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
Key Points
  • Crypto declared a financial product under FAIS Act (2022); service providers must be FSCA-licensed
  • FSCA began licensing crypto asset service providers (CASPs) in 2023
  • Capital gains taxed at effective rate up to 18% (45% max marginal rate × 40% inclusion)
  • Frequent trading may be classified as income and taxed at marginal rates (up to 45%)
  • SARB regulates cross-border crypto transactions under exchange control regulations
Sources
Sources