How an accountant gave structure to crypto chaos
- Larisa - LoQueArde

- Nov 9
- 2 min read
In an ecosystem overflowing with promises and short on accounting, an Argentine professional did what no one else was doing: translating crypto arbitrage into the language of real accounting.
His ebook became a practical guide for those who operate with cryptocurrencies —but also a radiography of the legal, fiscal, and symbolic void surrounding digital money.

The clarity that was missing
When most people keep repeating that “nothing is regulated,” he proves the opposite —with laws, rulings, and real examples.
Arbitrage, he explains, isn’t just legal: it’s been recognized under Law 27.430 since 2018.
What’s missing isn’t permission, but understanding.
His writing clarifies what others complicate: it distinguishes legality from regulation, outlines the role of the CNV and PSAVs, cites the ARCA Ruling 2/2022, and dismantles myths with an almost pedagogical tone.
Everything the public conversation avoids, he translates with surgical precision.
From suspicion to method
Against the myth that the crypto world can’t be justified, the accountant proposes a spreadsheet system that turns every operation into evidence.
Cost, sale, stock, results.Nothing mystical —just data and traceability.
Each accounting example he includes —from how to declare under the Cedular Tax to how to justify initial capital or respond to an exchange requesting certification— turns chaos into procedure.
And in that process, it brings back an almost forgotten feeling: that order can also be a form of freedom.
The symbolic value of order
In times when everyone is looking for the next token to save them, he teaches something more elemental: understanding value begins with being able to account for it.
And sometimes, the real leap isn’t in the next coin —it’s in stopping the improvisation.
✦ Discover the complete guide
Germán Nihoul, a public accountant specialized in crypto arbitrage, achieved what once seemed impossible: giving accounting form to an activity born on the margins.
And in doing so, he proved that even in the most volatile territory, clarity itself can be a form of revolution.





Comments