The National Constitution of Argentina does not recognize cryptocurrency as legal tender. Argentina classifies bitcoin and other cryptocurrency in the same category of intangible assests such as securities and bonds that form the part of individual's and legal entities property. According to the Argentina's Unidad de Información Financiera (UIF), cryptocurrency is "digital representation of value that can be digitally traded and functions as a medium of exchange; and/or a unit of account; and/or a store of value, but does not have legal tender status in any jurisdiction and is neither issued nor guaranteed by any government or jurisdiction."
In 2014, Argentina's UIF issued Resolution 300/2014. The resolution was the country's first official statement on cryptocurrency in the form of a warning regarding the use of bitcoin in money laundering and terrorism financing. It also specified reporting obligations in regards to digital currencies in accordance with Argentina's Anti-Money Laundering Law No. 25,246. In a press statement in May 2014, the Argentinian Central Bank stated that digital currencies have no legal tender.
Under the Argentina's 2017 Income Tax Law, profits from the sale of digital currency will be considered income.