The Argentine Tax Agency (AFIP) recently won a landmark case that allows it to seize funds from the digital accounts of users in the country to pay tax-related debts. The request was rejected by a judge in the first instance, but was eventually upheld by the Mar del Plata Federal Court, which held that technologies such as digital accounts could not be a vehicle for taxpayers to evade taxes. In the future, the tax bureau can confiscate all the funds owed by the user to the state, and add 15% interest and handling fees. However, lawyer Eugenio Bruno believes that due to the peculiarity of encrypted assets, unless the authorities seize user assets directly through the exchange, users may not voluntarily surrender their private keys, which may make the final seizure difficult to execute. (news.bitcoin)
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