Brazil’s Citizens Will Pay Tax on Cryptocurrency Related Revenue.
Citizens of Brazil are now required to pay tax on any cryptocurrency-related activities and revenue, as announced by the Federal Revenue of Brazil (RFB). This new law means that every cryptocurrency-related activity like...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Citizens of Brazil are now required to pay tax on any cryptocurrency-related activities and revenue, as announced by the Federal Revenue of Brazil (RFB). This new law means that every cryptocurrency-related activity like NFT flipping, remittance, and trading activities are taxable, with some exceptions.
However, the enforcement is a bit confusing and surprising to see as, currently, no cryptocurrency exchange supports the Brazilian Real, which is the national currency of Brazil.
In a memo published in the Diario Oficial da Uniao, which is the official journal of the Federal Revenue of Brazil, the outcome ...
Read The Full Article On CryptoCurrencyNews.com
Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.
All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoCurrencyNewsRelated market context
Sentora split 50% Aave revenue, but suppliers absorb all losses
Aave DAO would own the contracts for a proposed Ethereum lending market, but Sentora would make the day-to-day decisions that shap...
Brazilian Depository With $4.2 Trillion in Assets Taps XRP Ledger to Mirror Fund Shares
CSD BR, a Brazilian central securities depository with more than 22 trillion reais (about $4.2 trillion) in registered assets, wil...
Ethereum Price Prediction: Could Aztec’s zk.money Drive ETH Higher as Zcash Fuels Privacy Narrative?
Ethereum is trading at $2,665, flat over 24 hours, leaving it below the $2,700–$2,735 resistance band as our recent price predicti...
XRP News: Brazil $4T Financial Infrastructure Expands Onto XRPL
CSD BR, a Brazilian financial-market infrastructure operator overseeing more than 22 trillion reais in registered assets, has been...
Trump-related American Bitcoin has lost more than 90% of its value
Hut 8-owned BTC mining firm, American Bitcoin, has dramatically underperformed BTC since its reverse merger which allowed it to be...
CME Nine-Asset Crypto Basket Is 86.29% Bitcoin and Ethereum
Nine crypto coins are now traded inside a single, financially settled futures contract on CME Group’s platform, but Bitcoin and Et...