Peru Expands Blockchain Use in Elections and Mining Argentina Introduces Crypto Tax Framework

Latin America continues to emerge as a pivotal region in the global blockchain and cryptocurrency ecosystem, with Peru and Argentina implementing distinct yet impactful strategies. Peru is broadening its blockchain capabilities through public and private sector collaborations, while Argentina is introducing a regulatory framework aimed at integrating digital assets into the formal economy.

Peru has made significant strides in blockchain adoption, particularly in the mining and electoral sectors. The Central Reserve Bank of Peru (BCRP) partnered with Bitel to launch a digital currency accessible via the BiPay wallet, facilitating digital-sol transactions and enhancing financial inclusion in rural areas. Additionally, in 2023, Minsur became the first tin producer to record its output on a blockchain, setting a precedent for transparency in resource sectors. Looking ahead, Peru is preparing for the integration of blockchain technology in its 2026 general elections under Law 32270. The National Office of Electoral Processes (ONPE) and the National Jury of Elections (JNE) are developing a permissioned blockchain system to ensure the integrity, auditability, and immutability of the electoral process [1].

According to Luiz Eduardo Abreu Hadad, a consultant at Sherlock Communications, these initiatives mark a “revolution” in Peru’s blockchain landscape, establishing the country as a regional leader alongside Colombia [1]. The 2025 Blockchain LATAM Report highlights Peru’s progress in blockchain applications across multiple sectors, emphasizing its strategic position in the region’s digital transformation.

In contrast, Argentina is focusing on regulatory adaptation to manage the growing influence of cryptocurrencies. Buenos Aires has launched the “BA Cripto” initiative, enabling residents and businesses to pay taxes and public service fees in cryptocurrency via QR code. This measure includes property taxes, vehicle taxes, gross income contributions, and non-tax obligations such as traffic fines and driver’s license renewals. Mayor Jorge Macri highlighted that the city already has over 10,000 individuals receiving income through digital assets or PayPal, reinforcing the need for a structured regulatory approach [1].

Beyond tax payments, the program introduces legislative incentives to attract crypto enterprises, including a new tax category for crypto trading, a modified gross income tax base that applies only to exchange spreads, and exemptions from bank withholding regimes for Virtual Asset Service Providers. These reforms aim to reduce bureaucracy and create legal clarity, making Buenos Aires a more attractive environment for blockchain investment.

As both nations take different paths—Peru embracing blockchain for infrastructure and transparency while Argentina regulating digital assets through fiscal policy—the region is witnessing a nuanced evolution in crypto adoption. These efforts reflect a broader Latin American trend of balancing technological innovation with economic and regulatory stability, setting the stage for further regional integration and growth in the digital economy [1].

Source:

[1] LATAM crypto news: Peru pushes blockchain boundaries while Argentina bets on crypto taxes https://invezz.com/news/2025/08/23/latam-crypto-news-peru-pushes-blockchain-boundaries-while-argentina-bets-on-crypto-taxes/