Argentina carries out crypto wallet seizures linked to tax delinquents
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Courts across Argentina authorized the seizure of 1,269 cryptocurrency wallets belonging to citizens with outstanding debt to Argentina’s Federal Administration of Public Income (AFIP) The move comes as Argentinians continue adopting cryptocurrency to combat surging inflation, a devaluing peso and general economic malaise. The central bank has been at odds with the government over the treatment of cryptocurrencies in the country, with President Alberto Fernandez highlighting the potential for cryptocurrencies to help combat inflation in August 2021, just as Argentina's central bank president Miguel Pesce hinted at forthcoming regulation of the industry and its intersection with the conventional financial system. If a taxpayer cannot settle their debt or is unbanked, the AFIP will look to seize other liquid assets belonging to the individual. Source