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📝 🚨After the Central Bank's rule, what will happen to the IOF on stablecoins? 📊*
After the Central Bank's rule, stablecoins began to be treated as traditional currency exchange operations, which raised questions about the incidence of the Tax on Financial Operations (IOF). However, according to Tiago Severo, a lawyer specializing in cryptocurrency regulation, the change is regulatory in nature and not tax-related.
*What does this mean? 🤔*
- The Central Bank will supervise the flows of stablecoins within the Exchange System, requiring registration and reporting 📝
- There is no creation of a new incidence hypothesis for the IOF 🚫
- The regulation only governs "who can" and "how can" operate, without altering the tax matrix rule of the tax 📜
In summary, stablecoins should not be taxed by the IOF solely because of the new rule from the Central Bank. However, it is important to consult a taxation specialist for more accurate and up-to-date information [8][5].
#Stablecoins
#IOF
#BancoCentral
#Criptomoedas
#Tributacao
After the Central Bank's rule, stablecoins began to be treated as traditional currency exchange operations, which raised questions about the incidence of the Tax on Financial Operations (IOF). However, according to Tiago Severo, a lawyer specializing in cryptocurrency regulation, the change is regulatory in nature and not tax-related.
*What does this mean? 🤔*
- The Central Bank will supervise the flows of stablecoins within the Exchange System, requiring registration and reporting 📝
- There is no creation of a new incidence hypothesis for the IOF 🚫
- The regulation only governs "who can" and "how can" operate, without altering the tax matrix rule of the tax 📜
In summary, stablecoins should not be taxed by the IOF solely because of the new rule from the Central Bank. However, it is important to consult a taxation specialist for more accurate and up-to-date information [8][5].
#Stablecoins
#IOF
#BancoCentral
#Criptomoedas
#Tributacao
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⚠️ Crypto Market Reacts to the Increase in IOF
What Does This Mean for Your Investments ❓💰
🔹 What happened ❓
➣ The Brazilian government proposed an increase in IOF (Tax on Financial Transactions) for transactions with cryptocurrencies abroad, and the crypto market is already responding.
🔹 Impact on Investors
➣ Possible increase in costs for operations such as purchasing stablecoins and international transfers via crypto.
➣ Exchanges and brokers may adjust fees or seek alternatives to minimize costs.
➣ Debate on regulation and Brazil's competitiveness in the global crypto landscape.
#BigTechStablecoins #IOF #BinanceAlphaAlert $BTC $ETH #BrasilCrypto
What Does This Mean for Your Investments ❓💰
🔹 What happened ❓
➣ The Brazilian government proposed an increase in IOF (Tax on Financial Transactions) for transactions with cryptocurrencies abroad, and the crypto market is already responding.
🔹 Impact on Investors
➣ Possible increase in costs for operations such as purchasing stablecoins and international transfers via crypto.
➣ Exchanges and brokers may adjust fees or seek alternatives to minimize costs.
➣ Debate on regulation and Brazil's competitiveness in the global crypto landscape.
#BigTechStablecoins #IOF #BinanceAlphaAlert $BTC $ETH #BrasilCrypto
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BRAZIL IS JUST A DOWNHILL 🫠🤡
Instead of encouraging technological development, the government tries to force the crypto market into an outdated revenue collection model. This is not regulation, it is suffocation.
Moreover, applying the same tax rate as traditional investments ignores the peculiarities of the cryptocurrency market, such as volatility, decentralization, and much higher risks.
In practice, the State continues to want its share of the profits, but without offering any safety, guarantee, or structure for those who operate in this sector.
ANOTHER ABSURDITY…
#BinanceAlphaAlert #IOF
Instead of encouraging technological development, the government tries to force the crypto market into an outdated revenue collection model. This is not regulation, it is suffocation.
Moreover, applying the same tax rate as traditional investments ignores the peculiarities of the cryptocurrency market, such as volatility, decentralization, and much higher risks.
In practice, the State continues to want its share of the profits, but without offering any safety, guarantee, or structure for those who operate in this sector.
ANOTHER ABSURDITY…
#BinanceAlphaAlert #IOF
See original
WHAT IS IOF?
IOF is an important tool for the government, which uses it to monitor and, in some cases, influence the economy. For example, adjusting the tax rate can stimulate or discourage certain financial activities, such as the use of credit or the purchase of foreign currency.
Main situations in which IOF is charged:
Credit operations: Loans, financing, and the use of overdraft.
Exchange: Buying and selling foreign currency, and international purchases (with credit card, for example).
Insurance: Applies to various types of insurance.
Investments: Withdrawals of financial applications made in less than 30 days.
#IOF #gager #BinanceAlphaAlert #Binance
IOF is an important tool for the government, which uses it to monitor and, in some cases, influence the economy. For example, adjusting the tax rate can stimulate or discourage certain financial activities, such as the use of credit or the purchase of foreign currency.
Main situations in which IOF is charged:
Credit operations: Loans, financing, and the use of overdraft.
Exchange: Buying and selling foreign currency, and international purchases (with credit card, for example).
Insurance: Applies to various types of insurance.
Investments: Withdrawals of financial applications made in less than 30 days.
#IOF #gager #BinanceAlphaAlert #Binance
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