The Brazilian Congress is set to debate the legality of a new cryptocurrency taxation scheme imposed by President Lula, which eliminated the income tax exemption for minor trading operations and targeted decentralized finance activities through a Provisional Measure that took effect in June. Brazilian Congress to Decide Fate of Cryptocurrency Taxation Provisional Measure Brazilian lawmakers […]
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$3B in Revenue Lost as Brazil Defeats Lula-Sponsored Crypto Tax Measure
The Provisional Measure that terminated tax exemptions for small crypto holders was defeated in Congress, being withdrawn from the discussion...