Buenos Aires Mayor Touts Plan That Permits Tax Payments in Bitcoin

Rodriguez Larreta said that so far the city has digitized almost 900 different procedures. To keep pace, taking advantage of decentralized digital technologies will be required. A draft of Rodriguez Larreta’s plan initially was released on March 10.

“People will have the possibility to digitally authenticate their identity through an application and will have access, in a single place, to their information, documentation and personal records, facilitating the management of their procedures, applications and permits,” he wrote on Twitter.

Rodriguez Larreta said that leveraging blockchain technology will “let users have control over their data.” Blockchain-powered ID services have already been widely explored, among them initiatives by ConsenSys, the World Economic Forum, R3, and IBM.

To avoid the risks associated with the volatility of cryptocurrencies, the municipality does not plan to hold any tokens as part of the public treasury. The plan is to partner with various wallets and payment processors to convert cryptocurrency payments into fiat money—in this case, Argentine pesos—immediately after they’re made.

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