The post Brazil Plans Tax on Cross-Border Crypto Transactions appeared first on Coinpedia Fintech News
Brazil’s Finance Ministry is considering applying its financial transaction tax to cryptocurrencies used in international payments. The central bank has categorized these crypto transactions, including those involving virtual assets and stablecoins, as foreign exchange operations, which could make them taxable. This move aims to close regulatory gaps and bring crypto payments under existing financial tax rules. The government has not yet made an official announcement, but the evaluation signals increased oversight of crypto cross-border transfers.