Landlord and Tenant finally agree on something.
In Rosario, Argentina's third most populous city, a local landlord and resident have signed a rental agreement, with the latter paying monthly rent in Bitcoin (BTC). According to a report published in the newspaper Paginal 12 from January 11, this is the first such contract in Argentina, with the latest legal reforms of the new presidential administration.
The monthly payment in the sealed contract will be equal to 100 US dollars paid in Bitcoin (0.0021 BTC). The tenant transfers the money every month through Fiwind, the local crypto platform. The report states that both parties to the contract are experienced users of crypto.
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Argentina's rent law, among other parts of the national legal system, was reformed by the presidential administration of Javier Millay, who won the November 2023 general election amid high inflation across the country.
In the year In December 2023, the Minister of Foreign Affairs, Argentina's Minister of International Trade and Worship, Diana Mondino, said that a decree aimed at carrying out economic reform and control would allow the use of Bitcoin and other cryptocurrencies in the country under certain conditions.
The government has eased the way to legalize crypto holdings, even if tax returns are out of date. All taxpayers must pay within the framework of the regular plan a flat tax on assets: 5% if they declare assets at the end of March 2024, 10% from April and until the end of June 2024 and 15% starting. From July to the end of September.
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