Brazil’s crypto tax plans stall suddenly under new finance leadership
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Dario Durigan, the newly appointed Brazilian Minister of Finance, intends to alter the ministry’s communication strategy and postpone tax measures, including the regulatory protocols for cryptocurrency taxation. Notably, this move comes as the country begins preparations for this year’s presidential election. Following this report, two sources with knowledge of the matter, who wished to remain anonymous due to the confidential nature of the situation, revealed that Durigan, who took over Fernando Haddad’s role, will prioritize microeconomic regulations over contentious fiscal measures. With this decision in place, the Minister of Finance seeks to maintain his congressional support, they said. Meanwhile, reports from reliable sources indicate that regulators and government officials’ planned public consultation on crypto tax policy, originally scheduled for this year, may be delayed until 2027. Nonetheless, the two sources stressed that this matter is still under active consideration. Brazil’s crypto tax regulations spark heated discussions among individuals Earlier in June last year, Brazil shifted from a no-tax policy to a 17.5% flat tax on small cryptocurrency capital gains. This focus comprises offshore accounts and gains from self-custodial holdings. At this point, several analysts weighed in on the topic, noting that individuals whose monthly sales volumes did not exceed 35,000 Brazilian reais, roughly $6,587, were exempt from capital gains taxes under the previous regulations. However, those who sold more than this limit faced a tax rate hike from 15% to 22.5%. This news was released just a few months after Brazil’s central bank and primary monetary authority, the Banco Central do Brasil (BCB), introduced regulations classifying stablecoin transfers as foreign currency exchanges, subjecting them to the same tax laws. At this time, the Brazilian government was considering taxing cryptocurrencies used for international transfers. This finding sparked heated discussions among individuals, prompting reporters to reach out to government officials for comment. In response to…
Filed under: News - @ March 22, 2026 1:09 am