Brazil’s New 17.5% Crypto Tax Creates a Direct Conflict with Its Pro-Bitcoin Ambitions

Brazil has eliminated its long-standing tax break on cryptocurrency profits, introducing a flat 17.5% capital gains tax on all digital asset transactions. The measure, enacted through Provisional Measure 1303, took effect on June 12 and marks a significant shift in the country’s approach to crypto taxation. Previously, Brazilian taxpayers were exempt from capital gains tax […] The post Brazil’s New 17.5% Crypto Tax Creates a Direct Conflict with Its Pro-Bitcoin Ambitions appeared first on Coin Edition.