In a move that reshapes the landscape of cryptocurrency operations in Brazil, the country has introduced a flat 17.5% tax rate on all profits derived from digital asset […]
Brazil Enacts New Crypto Tax Regime with Flat Rate of 17.5%
Brazil has implemented a significant tax overhaul for cryptocurrencies, eliminating the previous exemption on small-scale gains and introducing a uniform 17.5% flat rate for all capital transactions. This […]
Brazil Enacts New Cryptocurrency Tax Policy
Brazil has implemented significant changes to its cryptocurrency tax policy. The country’s new decree, Decree No. 1303, establishes a uniform 17.5% tax rate for individual profits derived from […]
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 […]
Brazil Enacts Flat Tax Rate for Cryptocurrency Profits
Brazil has enacted a significant change in its cryptocurrency tax policy, abolishing exemptions and implementing a flat 17.5% tax rate on all individual crypto profits. The new decree, […]
Méliuz Secures $32 Million for Bitcoin Investment
Brazilian fintech firm Méliuz has successfully raised approximately $32 million through a share offering to acquire additional Bitcoin. This follows a previous investment that has positioned the company […]
Brazil’s High Interest Rates Fuel BRL Optimism: UBS Forecast Sees Currency Strength
UBS predicts a strong future for the Brazilian Real, driven by a favorable interest rate differential. The bank highlights that Brazil’s high benchmark interest rates, known as the […]
Brazil’s New Bill Could Transform Bitcoin Mining and Trading
A recent bill, introduced on June 10th by Federal Deputy Flavio Nogueira of President Lula’s party, proposes significant changes to how Bitcoin mining and trading will operate in […]
Brazil Abolishes Crypto Tax Exemption: Impacting the Landscape of Digital Assets
Brazil has taken a significant step by abolishing its tax exemption on cryptocurrencies, impacting digital asset trading in the nation. The policy change is expected to generate R$20 […]
Conduit & Braza Group Launch Stablecoin Exchange in Brazil: Revolutionizing Forex
Brazilian fintech company Braza Group, in partnership with Conduit, has launched a new stablecoin exchange service. This innovative platform aims to simplify cross-border transactions and boost efficiency within […]
Brazil Considers Bitcoin Sovereign Reserve Bill, Aiming for Diversification
The Brazilian Chamber of Deputies is reviewing a bill that would create a Bitcoin Sovereign Strategic Reserve. This plan would involve using up to 5% of Brazil’s international […]
Brazil Unveils Plan for National Bitcoin Reserve
Brazil has taken a significant step towards adopting Bitcoin as a strategic asset by proposing a national reserve. The PL 4501/2023 bill, introduced by Congressman Eros Biondini, proposes […]
Brazil Moves Forward with Drex Pilot Phase, Focusing on Credit Quality
The Brazilian Central Bank has taken a significant step forward in its Drex digital currency pilot program by advancing to the third phase. This critical stage prioritizes enhancing […]
Brazil Prepares for Bitcoin Reserve: Bill Advances in Legislative Process
A new bill in Brazil’s Chamber of Deputies proposes creating a national Bitcoin reserve known as ‘RESBit,’ potentially setting the country apart as a leader in crypto regulation. […]
Brazil Leverages CBDC Data for Real-Time Interest Rate Decisions
The Central Bank of Brazil has adopted Drex, its central bank digital currency (CBDC), to inform interest rate decisions, marking a significant step forward in integrating blockchain technology […]