Lula Government's Tax Reform will affect your Bitcoin!! Brazil is among the leading countries in the world in the adoption of cryptocurrencies. Here, the arrival of crypto assets impacted the minds of the Central Bank, which, inspired by the DeFi ecosystem, developed Drex, the country's CBDC. However, with the growth and popularization of virtual assets, the Federal Revenue Service understood that it was time to take its 'share' in this business and, with that, since 2017, the regulator has been attentive and active in this market, going from the 'recommendation' of reporting cryptocurrencies in income tax, to the obligation, followed by a fine and Malha Fina. Now, with the Tax Reform, a lot will change, but the Government has already made it clear: operations with cryptocurrencies and digital assets will be subject to taxes.
source: cointelegraph
