
The Brazilian congress examines 17.5% flat cryptography tax, addresses the deadline on October 8
The Brazilian Congress should examine the legality of a tax measure of cryptocurrency introduced by President Luiz Inácio Lula Da Silva, which imposes a strong tax of 17.5% on all crypto trading activities and suppresses previous exemptions for small transactions (1). The provisional measure, promulgated in June, targets decentralized financing operations (DEFI) and auto assets…