💵This NEWS is jaw-dropping for any Brazilian. What a disappointment from this government 👎👎👎👎👎👎Check out the article!!!
1-Credit card purchases: If you use a credit card to buy cryptocurrencies on Binance, the current IOF of 3.38% applies. This rate is scheduled to decrease annually until 2028. However, any review of this policy by the government could change this timeline.
2-Operations with stablecoins: The Central Bank of Brazil is considering regulating stablecoins, possibly classifying their operations as currency exchange, which would imply the incidence of IOF. A public consultation on the topic has been announced to discuss this possibility.
3-Taxation of crypto assets abroad: As of January 2024, earnings from crypto assets held in exchanges outside Brazil are subject to a 15% Income Tax rate. The government has also expressed an intention to raise this rate to up to 22.5% for all cryptocurrency users, regardless of whether they are on national or international exchanges.
Conclusion: what good can we expect from this misgovernment? Unfortunately, even the money we earn that is already declared for income tax and invested here, they want to tax. Where will we end up like this!! A profit that we all dream of for an improved life, and in this too, they want to suck what little we have left!!
Central Bank signals flexibility in exchange rule to prevent Bitcoin from becoming more expensive in Brazil.
BC shows willingness to relax the rule regarding transactions with stablecoins in global order books as currency operations - this measure could prevent Bitcoin and other cryptocurrencies from becoming more expensive in the country.
Orders at the price of 111,638.62 Dollars have a volume of 77.93M, while at the price of 108,550.18 we have 65.09M. This means that sell orders have a higher volume than those of buyers for the last 24 hours. $BTC
The Bitcoin rally is not over yet, and the next targets are set, says the analyst who predicted a new all-time high.
The next target for the price increase of Bitcoin is in the range of US$ 117.000 to US$ 120.000, according to the analyst Diego Pohl from Crypto Investor.
Cryptocurrency prices may vary during the week with decisions from the Fed and the US GDP.
This Tuesday, the US will release the consumer confidence index, and on the 28th, the market will follow the minutes of the Federal Reserve's May meeting.
The Income Tax deadline is approaching; see how to declare cryptocurrencies
There is only one week left until the end of the Income Tax 2025 deadline, and investors who have not yet submitted the document should remember to include their cryptocurrencies in the declaration.
It is essential to know and follow the rules of the Federal Revenue Service to avoid falling into the fine mesh or facing legal issues when declaring crypto assets.
First step: gather documents According to the responsible accountant at Razonet, Ana Salvatori, the first step for a correct declaration is to gather the documents that prove all the transactions made.
Statements or reports from cryptocurrency brokers containing information such as the date of the transaction, amount of coins traded, value paid or received in reais, and, whenever possible, the CNPJ of the exchange or CPF of the seller are necessary.
“The purchase document is necessary to calculate the acquisition cost, that is, the amount paid for the cryptocurrency. This amount must be reported in the ‘Assets and Rights’ section, with the specific code for the type of crypto asset. There, you register the acquisition value and the quantity acquired, updating annually as new purchases or sales occur,” says the accountant.
Did you sell the cryptocurrencies? Declare the gains If there was a sale of cryptocurrencies with profit — that is, a positive difference between the sale price and the acquisition cost — it is necessary to declare this gain in the ‘Capital Gains’ section, as long as the total sales in the month exceeded R$ 35 thousand.
In these cases, the tax due must be calculated and paid by the last business day of the following month after the operation, through the GCAP program, made available by the Revenue Service.
If the total sales in the month did not exceed R$ 35 thousand, the profit is exempt from tax, but must still be reported in the “Exempt and Non-Taxable Income” section, in the specific line for capital gains from the sale of assets within the exemption limit.
• Support: Price level where demand is strong enough to prevent further declines, attracting buyers. It is like a “floor” where the price tends to recover.
• Resistance: Price level where supply is strong enough to prevent further increases, attracting sellers. It is like a “ceiling” where the price tends to retreat.
• Importance of the Timeframe: The timeframe (1 hour, 4 hours, 1 day, 1 week, etc.) determines the relevance of the levels. Longer timeframes (such as 1 day or 1 week) identify more robust supports and resistances, while shorter timeframes (such as 1 hour) are useful for day trading but less reliable.
Shiba Inu recovers, but it could still fall by 15%, analysis reveals.
Shiba Inu has accumulated about 35% appreciation since April 9th. This rise positioned the asset near the resistance at US$ 0,00001420, a region considered key for the continuation of the upward movement.
However, buyers were unable to push SHIB to that point. The lack of buying strength increased the risks of correction, especially if the price continues to fall below the 0.236 retracement level, located at US$ 0,00001304.
If this occurs, the price could drop to the so-called “golden zone” of Fibonacci, between the 0.5 and 0.618 levels. In this scenario, Shiba Inu could retreat to US$ 0,00001161, which would represent a decline of approximately 15% from the current value.
#DinnerWithTrump According to BlockBeats, the 25 largest holders of TRUMP will be invited to an exclusive reception before a dinner with the President of the USA, Donald Trump. Additionally, a special VIP tour of the White House is scheduled for these prominent holders the following day.
The event is organized by Fight Fight Fight LLC, with President Trump as a guest, without any fundraising activities involved.
Check out this crypto, it will be traded tomorrow on Binance at 8:00 AM!
What is Initia (INIT)?
Initia is a modular L2 network built for interconnected rollups and app chains, designed to simplify Web3 development. With INITIA, developers can build highly scalable dApps and custom application chains using a unified framework. Its core architecture merges the benefits of the Cosmos SDK and rollup technology, enabling fast, secure, and low-cost interactions between chains. The project is focused on creating a seamless multichain future, powered by user-friendly infrastructure.