Governments Increasingly Tax Crypto: A Global Shift in Approach

As the cryptocurrency market continues its ascent, governments are turning towards digital assets as a potential revenue source. This trend is evident worldwide, with notable examples like Brazil’s recent policy changes. In June, Brazil eliminated tax exemptions on minor crypto gains and imposed a flat 17.5% tax on all capital gains from digital assets. This move aligns with the Brazilian government’s aim to increase revenue through intensified taxation of financial markets.