BrazilInnovates
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Brazilian Lawmaker Proposes Amendment to Remove Cryptocurrency Tax Provisions
June 16, 2025 – Brasília — A Brazilian lawmaker has introduced a controversial amendment aimed at stripping cryptocurrency-specific tax provisions from the country’s recently enacted income tax reform.
Federal Deputy Fernando Marangoni proposed the amendment to remove clauses that would subject foreign-held crypto assets to taxation under Brazil’s updated tax rules. The current legislation, which took effect on January 1, 2024, treats cryptocurrencies held abroad similarly to traditional financial assets, taxing capital gains when these assets are repatriated or used within Brazil.
Marangoni argues that taxing digital assets held in foreign exchanges places undue burdens on Brazilian investors and may discourage innovation and participation in the global digital economy. “We must avoid overregulating a sector that is still evolving. Instead of penalizing Brazilians investing in crypto, we should be encouraging financial modernization,” he stated.
The proposed amendment has sparked debate among lawmakers and industry stakeholders. Supporters of the existing law argue that equal taxation across asset classes ensures fairness and helps prevent tax evasion through offshore crypto holdings.
Brazil has been progressively moving toward a more regulated crypto environment. The country’s Central Bank was designated as the primary crypto regulator in mid-2024, and a new licensing regime for virtual asset service providers (VASPs) is already underway.
If passed, Marangoni’s amendment could significantly alter Brazil’s approach to crypto taxation, potentially making it a more favorable environment for digital asset investors. However, the proposal still faces scrutiny in Congress and is expected to undergo committee evaluations in the coming weeks.
#BrazilReal #BrazilFinance #BrazilInnovates #VASP #income
June 16, 2025 – Brasília — A Brazilian lawmaker has introduced a controversial amendment aimed at stripping cryptocurrency-specific tax provisions from the country’s recently enacted income tax reform.
Federal Deputy Fernando Marangoni proposed the amendment to remove clauses that would subject foreign-held crypto assets to taxation under Brazil’s updated tax rules. The current legislation, which took effect on January 1, 2024, treats cryptocurrencies held abroad similarly to traditional financial assets, taxing capital gains when these assets are repatriated or used within Brazil.
Marangoni argues that taxing digital assets held in foreign exchanges places undue burdens on Brazilian investors and may discourage innovation and participation in the global digital economy. “We must avoid overregulating a sector that is still evolving. Instead of penalizing Brazilians investing in crypto, we should be encouraging financial modernization,” he stated.
The proposed amendment has sparked debate among lawmakers and industry stakeholders. Supporters of the existing law argue that equal taxation across asset classes ensures fairness and helps prevent tax evasion through offshore crypto holdings.
Brazil has been progressively moving toward a more regulated crypto environment. The country’s Central Bank was designated as the primary crypto regulator in mid-2024, and a new licensing regime for virtual asset service providers (VASPs) is already underway.
If passed, Marangoni’s amendment could significantly alter Brazil’s approach to crypto taxation, potentially making it a more favorable environment for digital asset investors. However, the proposal still faces scrutiny in Congress and is expected to undergo committee evaluations in the coming weeks.
#BrazilReal #BrazilFinance #BrazilInnovates #VASP #income
🚨 BREAKING NEWS 🚨
🇧🇷 Brazil Takes a Bold Step Toward Crypto Adoption! 💥
A groundbreaking bill has been introduced in Brazil aiming to legalize the use of Bitcoin (BTC) for paying salaries and benefits! 💼💰 This move could revolutionize the financial landscape, making Brazil a global leader in cryptocurrency integration. 🌍💡
If passed, this legislation would empower employees and employers to embrace the future of digital currency, offering more flexibility and innovation in the workplace. 🚀💻
Why This Matters:
🌐 Positions Brazil as a crypto-friendly nation.
💸 Opens doors for financial inclusion and tech-driven economies.
🔥 Signals a major shift toward mainstream crypto adoption.
Stay tuned as Brazil paves the way for a #CryptoRevolution! �💎
#Bitcoin #Blockchain #FutureOfWork #CryptoNews #BrazilInnovates
Let’s watch this space! 👀📈
$BTC
🇧🇷 Brazil Takes a Bold Step Toward Crypto Adoption! 💥
A groundbreaking bill has been introduced in Brazil aiming to legalize the use of Bitcoin (BTC) for paying salaries and benefits! 💼💰 This move could revolutionize the financial landscape, making Brazil a global leader in cryptocurrency integration. 🌍💡
If passed, this legislation would empower employees and employers to embrace the future of digital currency, offering more flexibility and innovation in the workplace. 🚀💻
Why This Matters:
🌐 Positions Brazil as a crypto-friendly nation.
💸 Opens doors for financial inclusion and tech-driven economies.
🔥 Signals a major shift toward mainstream crypto adoption.
Stay tuned as Brazil paves the way for a #CryptoRevolution! �💎
#Bitcoin #Blockchain #FutureOfWork #CryptoNews #BrazilInnovates
Let’s watch this space! 👀📈
$BTC
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