From now on, all transactions made through Pix to buy and sell cryptocurrencies will be monitored by the government. This new rule applies to all cryptocurrency trading platforms, such as Binance, Bitget and Mercado Bitcoin.
Previously, the IRS only monitored transactions made by traditional banks. Now, the control extends to all companies that offer financial services, including those that operate with cryptocurrencies. The idea is to have greater control over the financial market and ensure that everyone pays the correct taxes.
But how does this work in practice? Every six months, cryptocurrency trading platforms must send the IRS a report with all transactions that exceed a certain amount. If you moved more than R$5,000 in cryptocurrencies, for example, this information will end up in the hands of the IRS.
It’s important to remember that this new rule doesn’t mean you’ll have to pay more taxes. The goal is simply to make the tax system fairer and more efficient. If you’re already declaring your cryptocurrency income, you don’t need to worry. But if you’re not doing so yet, it’s time to find an accountant and find out about your tax obligations.