Brazil Enacts Flat 17.5% Tax on Crypto Profits, Impacting Investors Nationwide

Brazil’s government has enacted a new tax policy requiring all cryptocurrency investors to pay a flat 17.5% tax on profits, effective immediately. This policy, announced by Provisional Measure No. 1303, affects all investors nationwide and eliminates previous exemptions for smaller investors. Experts believe this move could influence market behavior and trading strategies within Brazil’s crypto community.