Brazil Imposes New Tax on Cross-Border Crypto Transfers

In a bid to bolster foreign exchange controls, Brazil has announced plans to impose a tax on cross-border crypto transfers. The new regulations target the rapid growth of stablecoins and aim to tighten oversight over the burgeoning cryptocurrency market. 20% growth in Brazil’s crypto transactions during the first half of 2025 highlights the country’s expanding crypto activity. Stablecoin activity, particularly that dominated by USDT, is driving most cross-border transfers.