Foresight News reports that Brazil is considering taxing international payments made with Crypto Assets, according to two informed officials cited by Reuters. One insider revealed that the country's Ministry of Finance is considering expanding the scope of the financial transaction tax to include some cross-border transfers made using virtual assets and stablecoins, which have been classified as forex transactions by the Central Bank of Brazil. The Brazilian Ministry of Finance declined to comment on the matter to Reuters.
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Insiders: Brazil is considering taxing international payments made with Crypto Assets.
Foresight News reports that Brazil is considering taxing international payments made with Crypto Assets, according to two informed officials cited by Reuters. One insider revealed that the country's Ministry of Finance is considering expanding the scope of the financial transaction tax to include some cross-border transfers made using virtual assets and stablecoins, which have been classified as forex transactions by the Central Bank of Brazil. The Brazilian Ministry of Finance declined to comment on the matter to Reuters.