The Argentine General Inspection of Justice approves the registration of companies using Bitcoin and USDC as social capital.
According to the media outlet Infobae, the Argentine General Inspection of Justice (IGJ) has granted authorization for the registration of companies that include digital assets such as Bitcoin and USD Coin as part of their social capital.
The Argentine law firm Allende Brea has already successfully registered a company with 195 USDC and 0.00457621 BTC as its initial capital. The firm’s partner, Pablo Palazzi, explained that traditional procedures for registering companies using non-monetary assets, including land or real estate, involve accounting studies to evaluate the value of such assets and legal assistance to transfer ownership. In contrast, cryptocurrencies only need to be transferred to a wallet to precisely establish the value of the assets and facilitate the capital transfer.
The registration process required an accountant and a notary to certify the value of the cryptocurrencies at the time of transfer and verify the existence of the wallets and transactions. This additional verification step ensured compliance with regulatory standards and the accuracy of asset valuation.
According to some legal experts in the country, the IGJ’s approval represents an important update in Argentine corporate law, significant for both legal firms and cryptocurrency holders in Argentina, offering a legal pathway for incorporating digital assets into corporate structures.
