Comment on Brazil Introduces 17.5% Flat Tax on Crypto Gains Scraping Off Previous Exemptions by sadie niennow

Brazil’s crypto tax landscape shifts dramatically! A flat 17.5% tax on all crypto gains replaces the tiered system, impacting even small investors. It’s like losing the free ride in Snow rider , now everyone pays to play. No more exemptions for gains under R$35,000. How will this affect crypto adoption and the future of digital finance in Brazil? This new rule faces a lot of criticism.

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