BitDigest September 18 · Issue #745

• Crypt market back above $350 billion, bitcoin dominance breaks 57% but BTC still struggling to hold above $11,000
• China plans to replace native tokens used for transaction fees on public blockchains with its own digital currency as protocols are added to its state blockchain network
• Gibraltar releases regulatory principles for distributed ledger technology providers

Argentina Adds USD Withholding Tax

Expect local crypto activity in Argentina to increase. The government of the South American nation, with a reported year to date low 40.6% inflation rate in July, has decided to impose a 35% withholding tax on purchases of US dollars and overseas credit card payments. Pharmaceutical and healthcare services, books, online research and education services, and spending on fire protection equipment has been omitted from the tax.

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