Brazil Weighs Tax on International Crypto Transfers as It Aligns Rules with CARF

Brazil to Tax Cross-Border Crypto Payments Under New FX Rules

Brazil plans to apply the IOF financial transaction tax to cross-border crypto transfers. The move aims to close a loophole where stablecoins like USDT bypass foreign exchange taxes. Crypto volume hit $42 billion in H1 2025, with stablecoins driving two-thirds of activity. Brazil is moving to close a multi-billion dollar loophole in its foreign exchange market. The Finance Ministry is preparing to apply the IOF tax (Financial Transaction Tax) to…

Brazil Considers Taxing Crypto For International Payments To Boost Revenue

In the latest move to close existing “loopholes” in the country’s tax system related to foreign-exchange transactions, Brazil is reportedly exploring the possibility of imposing taxes on cryptocurrency transactions used for international payments.  Cross-Border Crypto Transfers As Forex Operations? According to two officials familiar with the discussions who disclosed the information to Reuters, the Finance Ministry is considering expanding its …

Brazil weighs IOF tax on cross-border crypto payments as stablecoin use ...

Brazil Plans to Tax Crypto Transactions for Cross-Border Payments

Brazil aims to tax crypto used in international payments. Stablecoins are the main focus of the new rules. The goal is to close regulatory gaps and boost government revenue. The central bank treats stablecoins as foreign-exchange operations. Brazil is preparing to tax certain cryptocurrency transactions used for cross-border payments. Officials familiar with the discussions say the plan targets a gap in the current financial transaction tax syst…

Brazil Weighs Crypto Tax on Cross-Border Deals as Lawmaker Pushes Confiscation Powers

TL;DR: Brazil is considering a new tax on crypto transactions conducted abroad to curb arbitrage and strengthen oversight of offshore flows. Lawmakers want courts to gain explicit powers to freeze and seize digital assets, addressing challenges created by rapid on chain transfers. Officials argue the combined measures would modernize enforcement, improve transparency, and help Brazil respond to rising cases of scams, tax evasion, and cross bord…

Brazil Weighs Taxes on Cross-Border Crypto Payments

Brazil is considering a tax on cross-border crypto payments, which could close a loophole in its normal tax on international transactions.