Buenos Aires Approves Dogecoin for Municipal Tax Payments Amid Inflation Crisis

In a significant move to modernize its financial system, the city of Buenos Aires, Argentina, has ratified a new law that allows citizens to pay municipal taxes using Dogecoin (DOGE) and other cryptocurrencies. This decision, part of the broader BA Cripto program introduced in September 2025, enables residents to settle property taxes, vehicle registrations, and fines with digital assets, providing an alternative to the volatile Argentine peso.

Payments are immediately converted to Argentine pesos by a licensed third-party processor, ensuring the city does not hold volatile crypto assets directly. This mechanism balances innovation with financial prudence, protecting the municipality from price fluctuations while offering convenience to taxpayers. Argentina has one of the highest cryptocurrency adoption rates in Latin America, driven by sustained inflation and economic instability, with citizens increasingly relying on dollar-pegged stablecoins and Bitcoin for savings and transactions.

Although Dogecoin is not recognized as legal tender by the national government, this initiative signals growing official recognition and utility for cryptocurrencies in public services. The move could inspire other municipalities worldwide and strengthens Argentina's position as a forward-thinking region in blockchain adoption, potentially attracting global investors and fostering tech innovation.