declare the minimum, conceal the maximum

The Federal Revenue Service, as well as the Securities and Exchange Commission (CV), are responsible for regulating and controlling the circulation of cryptocurrencies in the country. Since the approval of Normative Instruction 1.888/2019, institutions have access to reports with financial transactions made on exchanges.
However, the RFB began comparing the information declared in the IRPF with the data provided by brokers to validate the veracity of the data only in 2023. Since then, it has announced that around 25 thousand people did not file the declaration last year – a value exceeding R$ 1 billion.