Brazil is gearing up for a significant shift in its approach to taxing cryptocurrencies. A fresh bill drafted by the Ministry of Finance is set to alter the taxation landscape for individual crypto investors. It aims to reclassify cryptocurrencies, subjecting them to taxation akin to capital instrument shares, considering their fluctuating exchange rates.
Under the forthcoming measure slated for presentation to the National Congress, cryptocurrency investors would be required to pay 15% of their earnings from cryptocurrency transactions as…
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