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Buenos Aires will accept cryptocurrency for tax payments and will develop citizen profiles based on the Distributed Ledger Technology (DLT).

The Argentine capital’s 12-step digital transformation project is expected to include blockchain and virtual currency.

Buenos Aires, Argentina’s capital and a cosmopolitan metropolis with a population of over 12 million people, will prioritize blockchain as part of its digitization strategy. The city will specifically allow cryptocurrency for public finance transactions.

The 12-step growth plan named “Buenos Aires Plus” predicts a huge increase in crypto and blockchain use, as city Mayor Horacio Rodrguez Larreta disclosed in his Steve Jobs-styled presentation on April 25

The city plans to develop a portal for people’s digital IDs that will include all relevant information, such as birth dates and immunization certificates, medical data, and educational credentials. The platform will use distributed ledger technology to ensure that such sensitive data is securely safeguarded (DLT).

This would be the second of 12 steps towards a digitalized Buenos Aires. Even more fascinating, the ninth stage includes the possibility for citizens to pay their taxes in cryptocurrency. While the city will not keep cryptocurrencies on its public accounts, it will convert cryptocurrency transactions into Argentine pesos.

In a second statement, Buenos Aires’ Secretary of Innovation and Digital Transformation Diego Fernández stated that the city will work with local crypto exchanges like as SatoshiTango, Buenbit, Ripio, and Belo to make such payments possible.

During the debut anniversary of Web3 protocol The Graph in December 2021, Ethereum inventor Vitalik Buterin paid a visit to Buenos Aires. During that trip, he met with Mauricio Macri, Argentina’s former president who is also the ex-mayor of Buenos Aires and a fellow member of Larreta’s “Republican Proposal” party.