Brazil Introduces New Cryptocurrency Tax: Signaling a Shift in Regulatory Landscape

In a major shift for Brazil’s cryptocurrency landscape, the country has implemented a new transaction tax on digital asset exchanges. This policy, announced by the Receita Federal, will levy a 0.1% tax on transactions exceeding BRL 30,000 (approximately USD 6,000), effectively impacting large-scale traders and institutions. While small-scale traders will be largely unaffected at launch, this move signifies a formal acknowledgement of the growing crypto economy and its economic impact.