Coin World News reports that on June 15 (UTC+8), Brazil has canceled its long-standing tax exemption policy on cryptocurrency profits. According to the new temporary decree (Decree No. 1303), individual cryptocurrency profits will be uniformly taxed at a rate of 17.5%. Previously, individuals selling no more than 35,000 reais (approximately 6,300 USD) per month were exempt from tax. Prior to this change, profits exceeding that limit were subject to a progressive tax rate, with a maximum rate of 22.5% applicable to transaction amounts exceeding 5.4 million USD. (Source: Bitpush)