Jair
| Cryptocurrency lover The Future of the World Economy.
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Bets are all money laundering bandits, the fintechs of card machines make rivers of money and you don't want them to be taxed? Are you defending mobsters.
Beware, Crypto Investors: Tax Increases Hurt Brazil
Hello, Binance community! Minister Haddad defended taxing all economic activity, criticizing the previous low tax collection. But the increase in taxes can stifle the economy and the regional crypto market.
Impact on the Economy
The tax burden in Brazil (32.5% of GDP) is already high. More taxes raise prices, reduce investments, and slow growth, causing capital flight and fewer jobs. This creates a vicious cycle, with the government seeking more taxes to compensate for losses.
Loss to Crypto Investors
Proposals like MP 1.303 (already rejected) wanted to tax crypto gains at 17.5%, with no exemption for sales up to R$ 35 million. This discourages investors and complicates taxation.
Capital Flight: High taxes drive investors to jurisdictions like El Salvador, reducing the volume of trades in Brazil.
Overload: Small investors face unviable costs, eroding profits and making it difficult to pay bills, which increases risks and volatility.
At Binance, we support balanced regulation. Excessive taxes kill innovation! #CryptoBrazil #TaxesOnCrypto
Informative content, not financial advice.
Hello, Binance community! Minister Haddad defended taxing all economic activity, criticizing the previous low tax collection. But the increase in taxes can stifle the economy and the regional crypto market.
Impact on the Economy
The tax burden in Brazil (32.5% of GDP) is already high. More taxes raise prices, reduce investments, and slow growth, causing capital flight and fewer jobs. This creates a vicious cycle, with the government seeking more taxes to compensate for losses.
Loss to Crypto Investors
Proposals like MP 1.303 (already rejected) wanted to tax crypto gains at 17.5%, with no exemption for sales up to R$ 35 million. This discourages investors and complicates taxation.
Capital Flight: High taxes drive investors to jurisdictions like El Salvador, reducing the volume of trades in Brazil.
Overload: Small investors face unviable costs, eroding profits and making it difficult to pay bills, which increases risks and volatility.
At Binance, we support balanced regulation. Excessive taxes kill innovation! #CryptoBrazil #TaxesOnCrypto
Informative content, not financial advice.
Clueless, trying to make money with crypto in the long run, they keep talking about politics here on the platform, neither Lula nor Bolsonaro, BTC $67,000 SOON. it will be the time to buy.
# enough of taxes! # Gov luladrao is the enemy of the people! let's raise this hash and engage people.
Without a clue, trying to make money with crypto in the long term, they keep talking about politics here on the platform, neither Lula nor Bolsonaro, BTC $67,000 SOON. it will be the time to buy.
# enough of taxes! # Gov luladrao is the enemy of the people! let's raise this hash and engage people.
I have never seen dozens of anti-patriots and a traitor to the homeland Eduardo Bolsonaro hoping that the economy of their own country fails, just because the current president is not Bolsonaro.
What is BRICS Pay?
News about the creation of a payment system by the BRICS, nicknamed "Pix", has gained prominence. The initiative, named BRICS Pay, aims to standardize communication between the different payment systems of the member countries, allowing transactions using QR codes or digital wallets, similar to what happens with Pix in Brazil.
What is BRICS Pay?
News about the creation of a payment system by the BRICS, nicknamed "Pix", has gained prominence. The initiative, named BRICS Pay, aims to standardize communication between the different payment systems of the member countries, allowing transactions using QR codes or digital wallets, similar to what happens with Pix in Brazil.
What is BRICS Pay?
I have never seen dozens of anti-patriots and a traitor to the homeland, Eduardo Bolsonaro, hoping that the economy of their own country goes wrong, just because the current president is not Bolsonaro.
🚨 BREAKING: India Quietly Declares Currency Independence?
The Reserve Bank of India just pulled a geoeconomic power move — allowing full trade settlements in INR for BRICS & allies. No more automatic reliance on the U.S. Dollar. 💥
Here’s why this matters:
No RBI pre-approval needed for foreign firms to hold rupees
Vostro accounts unlocked = direct INR trade
A quiet but sharp reply to new U.S. tariffs
Major step in de-dollarization & BRICS trade autonomy
This isn’t just a financial tweak.
It’s a strategic signal—India is carving out space for sovereign trade flows, building resilience, and slowly chipping away at dollar dominance.
⚠️ Reality check: It won’t dethrone USD overnight.
But it’s a subtle currency coup that could change the game over time.
📉 USD-centric world
📈 Multi-polar trade ecosystems
👀 Watch this space—the INR just entered the global arena with gloves off.
The Reserve Bank of India just pulled a geoeconomic power move — allowing full trade settlements in INR for BRICS & allies. No more automatic reliance on the U.S. Dollar. 💥
Here’s why this matters:
No RBI pre-approval needed for foreign firms to hold rupees
Vostro accounts unlocked = direct INR trade
A quiet but sharp reply to new U.S. tariffs
Major step in de-dollarization & BRICS trade autonomy
This isn’t just a financial tweak.
It’s a strategic signal—India is carving out space for sovereign trade flows, building resilience, and slowly chipping away at dollar dominance.
⚠️ Reality check: It won’t dethrone USD overnight.
But it’s a subtle currency coup that could change the game over time.
📉 USD-centric world
📈 Multi-polar trade ecosystems
👀 Watch this space—the INR just entered the global arena with gloves off.
DESPITE THE OPTIMISM AROUND THE SHIB, SEVERAL FACTORS SUGGEST THAT REACHING $1 BY 2024 MAY BE AN IMPOSSIBLE GOAL. One of the main impediments is the total supply of 589 quadrillion tokens, reaching the price of $1 would require an unprecedented market capitalization. The GDP of the global economy is 100 trillion dollars, such a feat seems implausible. SHIB price will likely be $0.002 OR 0.005 and BTC will likely be $201,000 OR $220,000.
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