Brazil to Tax Cross-Border Crypto Payments Under New FX Rules

Brazil is moving to close a multi-billion dollar loophole in its foreign exchange market. The Finance Ministry is preparing to apply the IOF tax (Financial Transaction Tax) to cross-border crypto transfers. This targets stablecoins like USDT, which are increasingly used to bypass traditional FX taxes. While sources told Reuters that the move is primarily regulatory […] Read The Full Article Brazil to Tax Cross-Border Crypto Payments Under New FX Rules On Coin Edition.