Hello, Binance Square people! Pay attention to this: billions of reais are leaving the traditional banking system and going directly to cryptocurrencies in Brazil!
The CEO of Bradesco, Marcelo Noronha, has raised his voice: he wants the government to thoroughly examine the exemption of IOF on cryptos. For him, this lack of tax could be a shortcut for people to avoid taxation on global accounts and cards.
What does this mean? 🤔
* Crypto boom: It shows that people trust and are heavily investing in crypto around here.
* Regulatory pressure: Banks are feeling the impact, and the demand for new rules and taxes on cryptos should increase.
It’s a scenario that shows the strength of the crypto market and the challenge for banks to adapt. The game is changing, and Brazil is in the midst of this revolution!
And for you, what does this capital flight mean? Should the government tax cryptos more or is it just Bradesco defending its own side?