Brazil Considers New Tax on Cryptocurrency Use for International Payments

TLDR Brazil aims to tax cryptocurrency transactions for cross-border payments, focusing on stablecoins. In the first half of 2025, Brazil’s crypto transactions reached $42.8 billion, with stablecoins dominating the market. The Finance Ministry is considering extending the IOF tax to international crypto transfers, effective February 2025. Stablecoin transactions will be classified as foreign-exchange operations under [...]

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