US EditionBrazil’s Crypto Sector Sounds Alarm Over Surprise Tax Proposal
- Brazil's government introduced a provisional measure imposing a flat 17.5% tax on all cryptocurrency profits, ending the previous exemption on monthly gains up to R$35,000.
- The measure aims to boost tax revenue, close loopholes, and extend taxation to offshore and self-custodial wallets, replacing a tiered system favoring large traders.
- Alongside crypto, fixed-income investments now face a 5% tax on earnings, and online betting operator taxes rise from 12% to 18%, signaling broader financial regulation changes.
- Industry leaders criticized the tax, with ABCripto CEO Bernardo Srur calling it "another irregularity" and warning it disproportionately burdens small investors while benefiting big traders.
- The provisional measure requires congressional approval to take effect, and stakeholders remain concerned about potential damage to Brazil's national crypto market and possible offshore migration.
35 Articles
35 Articles
Brazil Crypto News: Brazil Sets Flat 17.5% Tax on Crypto Profits, Ending Exemption for Smaller Investors
Brazil has scrapped a long-standing tax exemption on cryptocurrency gains, with a new provisional measure (MP 1303), imposing a 17.5% tax on all crypto profits for individuals.Previously, individuals selling up to R$35,000 (around $6,300) worth of crypto per month were exempt from taxation. Before the change, gains above that were taxed progressively, reaching as high as 22.5% for volumes over $5.4 million.The new rule replaces this system with …
Brazil's B3 Debuts USD-Based Ethereum and Solana Futures
Ethereum and Solana futures are now live on Brazil’s B3, priced in USD to expand their adoption. B3 cut its Bitcoin futures size to 0.01 BTC to make it more accessible for local retail investors. Brazil’s largest stock exchange, B3, has launched new futures contracts tied to Ethereum and Solana. The move brings two of the biggest names in decentralized finance (DeFi) into Brazil’s traditional finance system. This will create an avenue to make th…
Brazil's New 17.5% Crypto Tax Creates a Direct Conflict with Its Pro-Bitcoin Ambitions
Brazil imposes a 17.5% flat tax on all crypto capital gains, ending previous exemptions. New rules apply to self-custodied and offshore crypto, with quarterly tax reporting. Lawmakers propose Bitcoin reserves and crypto-based payroll for foreign workers. Brazil has eliminated its long-standing tax break on cryptocurrency profits, introducing a flat 17.5% capital gains tax on all digital asset transactions. The measure, enacted through Provisiona…
Brazil Ends Crypto Tax Exemptions, Will Now Charge 17.5% Capital Gains Tax
Brazil has enacted a sweeping overhaul of its crypto taxation policy. The country has ended its longstanding tax exemptions for small-scale crypto investors. Brazil will now impose a flat 17.5% capital gains tax on all profits from digital asset transactions. Effective from 12 June 2025, all crypto transactions – regardless of value or volume – will be subjected to a 17.5% capital gains tax. Apparently, Brazil’s new tax policy is part of Provis…
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