Brazil has taken significant steps forward with its crypto tax policy. Its new tax rate for all crypto investors is a 17.5% flat profit tax. Brazil’s Finance Minister Joaquim Levy first introduced this change as part of Provisional Measure No. 1303. This is a departure from the current, highly simplified...
Brazil’s crypto landscape is certainly thriving, but not all the stories this side of the equator are positive. Rohan Prasad has earned a following as a young crypto blogger, thanks to an engaging and accessible style. He is enhancing his compelling analysis of the potential fallout from Brazil’s new flat...
Brazil is a country full of innovation and has a growing crypto ecosystem. Now it has taken an action that will severely limit the economic dreams of its poorest people. A uniform 17.5% tax on all crypto gains, brought into law through Provisional Measure No. 1303, is a recipe for...
Brazil’s new 17,5% flat tax on crypto profits, formalized under Provisional Measure No. 1303, seems easy-peasy at first glance, huh? A flat tax – seemingly fair, efficient. Peel back the layers though, and you’ll find a policy that is poised to kill innovation. That’s exactly the kind of innovation it...
