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CoinDesk (@CoinDesk)
Cryptocurrencies have become increasingly popular in Brazil. Now the Senate has approved new income-tax regulations that could mean citizens will face paying up to 15% on earnings from crypto held on international exchanges. https://www.coindesk.com/policy/2023/11/30/brazil-to-impose-15-tax-on-crypto-earnings-held-on-offshore-exchanges-report/?term=organic&utm_campaign=CoinDesk&utm_content=headline%2CIG+XPost%2Ceditorial&utm_medium=social&utm_source=twitter https://t.co/ii3eCX8IKr
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Wu Blockchain (@WuBlockchain)
Brazil’s House of Representatives has passed a new income tax bill, currently awaiting presidential approval, requiring Brazilians to tax profits (over $1,200) generated from cryptocurrencies held on foreign exchanges at the same rate as local profits, subject to up to 15% of…
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