It won't do more than bankrupt a country that has always been bankrupt since it stopped being a colony of Portugal, if it was still a colony of Portugal it would receive euros and pay taxes only to the king

The Brazilian Federal Revenue Service will analyze 24 proposals from the public consultation to change the cryptocurrency tax in the first quarter of 2025.

In a note to the public at the beginning of 2025, the RFB stated that the public consultation helps to establish the DeCripto – Declaration of Cryptoassets. When thanking the contributors, the revenue stated that the market's help can lead to the construction of an adequate standard.

“The Federal Revenue Service thanks the contributions received from various entities and other interested parties in the scope of the public consultation for the new regulation of the accessory obligation related to the obtaining of transactions involving cryptoassets (Federal Revenue Service opens Public Consultation on Normative Instruction that will establish the “DeCripto” – Declaration of Cryptoassets — Federal Revenue Service). The negotiations with the market help in the construction of an adequate standard, understood by all, avoiding tax risks.”

It is also worth noting that the RFB's note makes it clear that it intends to change the way it charges taxes in the first quarter of 2025. The IRS did not reveal how the change will take place or whether it will affect the Annual Income Tax Declaration of Brazilian investors.
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