In Buenos Aires, Argentina, a mining tax reform is brewing. What changes will the upcoming 4% mining tax bring to this land? At the same time, how will the cooperation between the Football Association and Upland lead us into the future of the metaverse?

 Buenos' Mining Tax Reform

Buenos Aires, a passionate and vibrant city, is about to usher in a major change-a 4% mining tax is about to be officially implemented. The introduction of this tax policy aims to balance the relationship between mining development and environmental protection and inject new impetus into local economic development.

The implementation of this tax policy will have a profound impact on local mining companies and investors. They need to re-evaluate their return on investment and adjust their business strategies to adapt to the new tax environment. At the same time, the government will also increase its supervision of mining development to ensure the sustainable use of resources and protect the sustainable development of the environment.

 The impact of mining tax on Buenos

This new mining tax policy will have many impacts on the economic and social development of Buenos. First of all, the increase in tax revenue will provide the government with more fiscal revenue to improve public services such as infrastructure, education, and medical care, and improve people's well-being.

Secondly, the change in tax policy will prompt mining companies to increase investment in technological innovation and environmental protection, promote the development of green mining, and achieve a win-win situation of economic and environmental benefits. This will also open up a new path for the sustainable development of Buenos Aires and leave a better home for future generations.

 Cooperation between the Football Association and Upland

In addition to the change in mining taxes, another major development in Buenos Aires comes from the cooperation between the Football Association and Upland. This cooperation combines football with Metaverse technology, bringing unprecedented development opportunities to the sports industry.

Football, as the passion of the Argentine people, combined with Metaverse technology, will bring fans a brand new viewing experience. They can interact closely with their idol stars in the virtual world, experience an immersive game atmosphere, and enjoy unprecedented football fun.

 The arrival of the Metaverse era

With the rise of the Metaverse, people's lifestyles will undergo earth-shaking changes. From entertainment to work, from social interaction to education, the Metaverse will penetrate into every aspect of our lives and redefine the relationship between people and technology, and people and the world.

In this era full of possibilities, Buenos Aires, as a city with both traditional and modern charm, will usher in more opportunities and challenges. The reform of mining tax and the cooperation between the Football Association and Upland are just a microcosm of the city's integration into the metaverse. More wonderful stories are waiting for us to write.

 Conclusion

Buenos' mining tax reform and the cooperation between the Football Association and Upland will open a new chapter for the city. Let us wait and see and witness the glorious bloom of this city in the metaverse era. Let us hold our dreams, move forward bravely, and create a better tomorrow together!

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

According to Bitcoin.com, the Buenos Aires Province of Argentina has approved a tax law amendment to include cryptocurrency mining as a taxable activity next year. The official document describes it as "processing and verification services for crypto assets and/or cryptocurrency transactions (crypto assets and/or cryptocurrency mining), and the income generated by these businesses is subject to a 4% tax."

These taxes will be paid to the Buenos Aires Provincial Government and are not related to other tax categories set by the Argentine government. The document mentions that only hardware activities deployed within the jurisdiction of the province are subject to tax. The tax system will be implemented in January next year, but the specific implementation details have not yet been clarified.

Analysts' concerns about the applicability of this tax system mainly involve two levels. The first level is related to the definition of the equipment to be taxed. If only PoW mining hardware equipment is involved, only miners using ASIC mining machines and graphics cards need to pay taxes, but if computers running staking nodes are also counted, then staking activities may also be taxed.

Argentine accountant Marcos Zocaro questioned the taxable value of mined cryptocurrencies. Official documents mentioned that these crypto assets will be taxed at "official or current value", but there is no reference source for defining the value, and the price of cryptocurrencies varies among major exchanges. It is not clear whether the value of cryptocurrencies is calculated when they are mined or before the end of the tax payment period.

Argentine Football Association enters the Metaverse

In addition, just as Argentina won the Qatar World Cup, the Argentine Football Association announced on the 22nd that it had established a partnership with the Metaverse startup Upland to bring the Argentine First Division Football League into the Upland Metaverse.

According to the press release, Upland will provide a variety of Argentine football digital collectibles, including teams, clubs, players, tickets, game screens, historical moments, platform exclusive moments, etc. This is the first time that Argentine football has appeared in the Metaverse, which will create a new source of income for the Argentine Professional Football League.

Upland is a game that involves buying and selling virtual land connected to the real world. The platform has more than 3 million registered accounts. The startup that developed Upland just completed a $18 million Series A financing in November 2021, led by Animoca Brands, bringing the project's valuation to $300 million.