Brazilian Government Mulls Taxing Stablecoins Remittances as Foreign Currency Flows
The Brazilian government would be considering taxing stablecoin flows, applying the known Tax on Financial Operations (IOF) on remittances and international payments using these instruments. The news comes as the Central...
Original source
Read on Bitcoin NewsRelated market context
Bukele’s Reform Makes El Salvador a Top Tax Haven: 0% on Foreign Income and Bitcoin Gains with Minimal Presence
Bitcoin Magazine Bukele’s Reform Makes El Salvador a Top Tax Haven: 0% on Foreign Income and Bitcoin Gains with Minimal Presence E...
JPMorgan Says the Debasement Trade Retreat Has ‘Accelerated’ for Bitcoin as June ETF Outflows Reach $2.1 Billion
The debasement trade that fueled demand for bitcoin and gold through much of this year is unwinding, and the retreat has accelerat...
Zimbabwe moves to regulate cryptocurrency sector with mandatory registration and annual fees
Zimbabwe's crypto regulation could enhance sector legitimacy, attract formal investment, and facilitate international financial pa...
US government proposes nuclear dismantling agreement with Iran, and crypto markets are paying attention
The proposed nuclear deal could reshape geopolitical dynamics, impacting global oil markets and influencing cryptocurrency volatil...
Kraken Adds USDCx Support On Canton As Institutional Stablecoin Rails Expand
TL;DR Kraken says it now supports USDCx deposits and withdrawals on the Canton Network. USDCx is described as a Canton-native stab...
Ripple chases AI’s machine economy as XRPL stablecoins near $1 billion
Stablecoin liquidity on the XRP Ledger (XRPL) has nearly doubled over the past month, putting the network within reach of a $1 bil...