Argentina looks to tame crypto market as money-laundering fears draw scrutiny

FILE PHOTO: Bitcoin lures inflation-weary
 Argentines despite crypto crash

(Reuters) - A new law could help Argentina regulate its booming cryptocurrency market as the country aims to reduce risks such as money-laundering associated with the digital assets, experts say. 

In the last year, Argentina saw $85.4 billion worth of crypto transactions, making it one of the largest crypto havens in the world, according to data platform Chainalysis, as Argentines seek to battle triple-digit inflation and a struggling currency. 

On Wednesday, the Argentine government signed a fiscal package that includes tax amnesty for individuals who declare up to $100,000, including registered crypto assets.

 By Noelle Harff.

Full story at Yahoo News.