๐ Brazil's tax authority, Receita Federal do Brasil, is on a crypto quest! They're seeking info from foreign crypto exchanges like Binance, Coinbase, OKX, and KuCoin to understand how they operate in the samba nation. ๐ต๏ธโโ๏ธ Why? To ensure Brazilians are playing by the new tax rules. Remember, last December, Brazil passed a law requiring citizens to pay a 15% income tax on crypto profits from foreign exchanges. ๐ฐ The goal? To collect a cool $4 billion by 2024. Meanwhile, crypto trading activity in Brazil has spiked by 30% YoY. So, what's your take on this? Let's chat below! ๐