The CEO of Belo regretted that there was no priority of exposure to the people who work in the sector.
From Lemon they wanted to contribute an overview of the ecosystem regulations in Argentina.
The second meeting of the Investigative Commission of the Libra case in the Chamber of Deputies of Argentina left much to say by the referents of the local ecosystem.
Although representatives of cryptocurrency exchanges such as Belo, Lemon and Bitso were invited, they failed to take the floor during the extensive day due to lack of time for exponents, despite having lasted more than nine hours.
Through a communication sent to cryptootics, Lemon Public Affairs director Juan Pablo Fridenberg, He clarified what the PSAV had to say in the deputies (Virtual Assets Services Suppliers) registered with the National Securities Commission (CNV).
His intention, he said, was “to contribute an overview of the regulatory process that crosses the crypto ecosystem in Argentina, hoping to share elements to think together about the best public policies that can be projected in the field, taking advantage of the positioning of our country and its ecosystem Crypto on the global map ».
About the scandal generated by the Token project released by President Javier Milei and investigated for alleged scam, Fridenberg said: “On the Libra case we have no opinions to express, since we do not know the ongoing judicial actions and we have not investigated in technical issues, beyond the transcended in the media.”
He deepened that they expected to highlight the current regulatory context and the pending challenges for the industry in Argentina. It indicates as a positive milestone the sanction of Law 27,739, which established a registration and supervision regime in the country for the PSAV, which contemplates cryptocurrency exchanges.
However, he warns that It is still pending to define a specific and reasonable tax framework in Argentina for the industry: “Today the tax regime applicable to cryptoactives remains uncertain and often inequitable.”
Exchange’s public affairs mentioned that there are ambiguities around the tax treatment of VAT, profits and personal goods, as well as distortions that discriminate assets for their use cases and not the underlying technology.
«From Lemon we have pointed out that regulation must go hand in hand with a clear, progressive, technically consistent tax regime, and that it encourages formalization instead of punishing it. If the scope where the user is protected is punished and more expensive through distortive taxes, it is impossible for our country to intend to meet the objectives of Law 27739 »
Juan Pablo Fridenberg, Director of Public Affairs of Lemon.
The spokesman concluded underlining that Cryptocurrencies are already part of the daily life of millions of Argentines. “In Lemon, we are more than 4 million users, and Argentina leads in Latin America in both active and volume received,” he added.
«The industry does not stop growing, and an intelligent and modern regulation can enhance its development, protect users and continue positioning the country as a regional reference in technological, financial innovation and Crypto«, Culminated.
On the other hand, as Cryptonoticias reported, Manuel Beaudroit, CEO of Belo, said exclusively: “For now, I did not plan to participate again, especially since I was there three-four hours doing time and I have other priorities.”
The businessman He expressed his discomfort with the development of the Deputies session on the Libra case and questioned the purpose of the meeting. “They don’t seem to be looking for answers,” but “like the answers already had them” and intended to “simply assert the concept they had a bit,” he said.
In that line, he regretted that the intervention of guests of a block, Union for the Homeland, such as journalists Alejandro Bercovich and Horacio Verbitsky, on technical specialists or representatives of companies in the sector.
In the case of Belo, it was summoned by the PRO, as well as the Exchanges Bitso and Lemon. The latter clarified that this It was through the Fintech Argentine Chamber that received invitations from different partiesalthough they were formally registered among the quotas of guests of the mentioned block.
While Beaudroit could not speak during the session, he shared with cryptonotic the speech he had prepared for the occasion. In it, it highlighted the strategic opportunity that cryptoactives for the economic development of Argentina and warned about the challenges currently faced by the sector.
“Today the Argentine crypto industry is in crisis because beyond having one of the most progressive regulations in the world, both at the level of virtual asset service provider as well as tokenization, we are still exposed to a tax model that discriminates to these actors and that puts into play the economic sustainability of companies that today directly and indirectly use thousands of Argentines”
Fragment of the speech that Manuel Beaudroit, CEO of Belo, hoped to expose before deputies.
Beaudroit sought to convey before the deputies the need to accompany the regulation of the sector with a clear, reasonable tax regime that encourages growth. “With intelligent regulation and strategic vision, we can transform Argentina into an innovation lighthouse in Latin America,” he concluded in his message.
In other words, the guests of the cryptocurrency companies to the meeting of the Investigative Commission of Deputies on Libra sought to take advantage of the occasion not to give a presentation on the case, but call legislators to optimize regulation on the sectorand more specifically decrease your fiscal burden.
At the moment there is no confirmed information on the next meeting of the Commission in the Chamber of Deputies of Argentina. In the last session it was not possible to designate authorities due to a draw and disagreements between the ruling and the opposition, while the cryptocurrency industry is still waiting for better regulations.
