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New regulation for virtual wallets: what is it about?

The Federal Administration of Public Revenues (AFIP) set this Thursday at $30,000 the amount from which virtual wallet management companies must report the movements of their clients. They seek to control the operations channeled through virtual accounts.

The AFIP regulations incorporate new information requirements for companies in the sector such as Mercado Pago, Ualá, Naranja X, Viumi, Bimo, Moni, Personal Pay and Todo Pago, among others. As announced, it does not imply changes for users.

In addition, virtual wallets must inform when the final monthly balance that the user has in his account is greater than or equal to $90,000. Previously the amount was $10,000, in both cases.

Source: Telam

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