Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Ethereum breaks the key resistance in one solid movement – Higher High confirms Momentum

2025-05-09

Gemini makes a permit for expanding EU offers

2025-05-09

Hashkey chain reveals the puzzle game of the chains in the chains in collaboration with Zypher Network

2025-05-09
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Hashkey chain reveals the puzzle game of the chains in the chains in collaboration with Zypher Network

    2025-05-09

    Superstate is spreading to Tokenized shares; Sol -Strategies to mention first

    2025-05-09

    What are Babydoge -Properties?

    2025-05-09

    Vietnam launches his first blockchain network from home -grown: Details

    2025-05-09

    Crypto -Developer activities returns to the level of 2018, Ethereum retains a significant part of the innovation

    2025-05-09
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Trader says Bitcoin on CUSP to break out from Beerarish market structure, sketches path to new multi-month high

    2025-05-09

    XRP – Price breaks through obstacles – could a bullish peak follow?

    2025-05-09

    Bitcoin whales and sharks stored $ 7,890,599,380 in BTC in just six weeks, says Analytics platform – this is what it means

    2025-05-09

    BNB Price objectives $ 650 in the midst of renewed market optimism

    2025-05-09

    Trump Crypto Advisor picks up $ 300,000,000 for the new Bitcoin (BTC) investment firm called Nakamoto: Report

    2025-05-08
  • Learn

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02

    What Are Utility Tokens? Types, Roles, Examples

    2025-04-17

    Real-World-Assets in Crypto, Explained

    2025-04-16
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Regulation»Brazil’s tax authorities will start collecting information from foreign crypto exchanges
Brazil’s tax department to begin collecting information from foreign crypto exchanges
Regulation

Brazil’s tax authorities will start collecting information from foreign crypto exchanges

2024-06-18No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Brazil’s Special Ministry of Federal Taxes will begin collecting information from foreign crypto exchanges to ensure their operations comply with local regulations, Reuters reported on June 18.

The tax authorities will ask foreign crypto exchanges how they interact with local service providers and ensure that the companies provide the data required by the regulations introduced in 2019.

Deputy Secretary for Inspectorate Andrea Chaves said:

“It is a concern for us to first understand how [the foreign exchanges] operate here, whether there is illegality or not.”

Chavez said the tax authorities will also collect information on Brazilian wealth subject to tax.

The tax authorities are expected to release a regulation calling for foreign exchange before the end of the week. Unlike local Brazilian stock exchanges, foreign companies are not required to report transactions.

Reuters identified Binance, Coinbase, OKX and KuCoin as foreign exchanges operating in the country, although the list is non-exhaustive.

The rising crypto activity in Brazil

According to tax authorities data cited by Reuters, individuals and legal entities have reported higher crypto amounts over the past year amid rising activity in the country.

Tax reporters declared 133.6 billion reals ($24.6 billion) in cryptocurrencies in the first half of 2023, of which 14.5 billion reals ($24.6 billion) in cryptocurrencies.2.7 billion) on foreign exchange. The figures represent growth of 36.6% and 51.2% in each category compared to the first half of 2022.

Brazil’s tax authorities plan to release updated data through a technology update.

More recent third-party data also indicates growth. In a May research report, Kaiko Research found that cryptocurrency trading volume involving the Brazilian real reached $6 billion between January and early May 2024.

See also  Financial giant fined $15,000,000 for unauthorized withdrawals from bank accounts and misleading customers with false statements

The $6 billion volume represents a 30% growth over the previous year and exceeds US dollar trading volumes. Kaiko’s recent data also indicates that Brazil is the largest crypto market in Latin America and the seventh largest fiat currency market in the world.

Mentioned in this article

Source link

authorities Brazils collecting Crypto Exchanges Foreign information Start tax
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Gemini makes a permit for expanding EU offers

2025-05-09

Genius act stalls in the Senate, Wetgevers Eye New Proposal next week

2025-05-09

Ripple CEO warns that we are falling back without the regulation of the stablecoin

2025-05-09

SEC’s Crypto Task Force Lead criticizes the ETF approval process, emphasizes the need for patience

2025-05-09
Add A Comment

Comments are closed.

Top Posts

Bored Ape #1734 Shatters Records, Signals Potential NFT Market Revival

2023-07-17

Niza Global is ready to transform the AI ​​agent economy in partnership with SAIN

2025-01-14

Bitcoin Dominance crosses 64% in 4 years: 2021 style Altcoin season to return?

2025-04-19
Editors Picks

DOT price (Polkadot) Uptrend to continue? These may be the factors to keep an eye on

2024-01-29

Bitcoin Price to $140,000 or $67,000? Analyst weighs in on interesting BTC setup

2025-01-12

Crypto Trader Warns Bitcoin Correction Could Be a ‘Test Dump’, Says BTC May Witness a Slow Grind

2023-12-13

South Korea to regulate cross-border crypto trading by 2025

2024-10-25
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Ethereum breaks the key resistance in one solid movement – Higher High confirms Momentum

Gemini makes a permit for expanding EU offers

Hashkey chain reveals the puzzle game of the chains in the chains in collaboration with Zypher Network

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,084.301.97%
  • ethereumEthereum(ETH)$2,341.9314.33%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.365.47%
  • binancecoinBNB(BNB)$635.913.07%
  • solanaSolana(SOL)$171.547.84%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2050117.75%
  • cardanoCardano(ADA)$0.797.34%
  • tronTRON(TRX)$0.2627233.03%
  • suiSui(SUI)$3.910.05%
  • chainlinkChainlink(LINK)$16.044.91%
  • avalanche-2Avalanche(AVAX)$23.269.33%
  • stellarStellar(XLM)$0.2961974.93%
  • shiba-inuShiba Inu(SHIB)$0.0000158.06%
  • hedera-hashgraphHedera(HBAR)$0.2007035.45%
  • hyperliquidHyperliquid(HYPE)$24.8713.46%
  • the-open-networkToncoin(TON)$3.282.41%
  • bitcoin-cashBitcoin Cash(BCH)$408.62-2.22%
  • unus-sed-leoUNUS SED LEO(LEO)$8.73-0.95%
  • polkadotPolkadot(DOT)$4.8212.07%
  • litecoinLitecoin(LTC)$99.437.67%
  • moneroMonero(XMR)$308.535.02%
  • daiDai(DAI)$1.000.01%
  • bitget-tokenBitget Token(BGB)$4.480.62%
  • pepePepe(PEPE)$0.00001220.62%
  • piPi(PI)$0.7315.99%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$6.3414.67%
  • bittensorBittensor(TAO)$428.033.72%
  • nearNEAR Protocol(NEAR)$2.9011.54%
  • aptosAptos(APT)$5.566.33%
  • ondo-financeOndo(ONDO)$1.027.65%
  • okbOKB(OKB)$53.652.31%
  • aaveAave(AAVE)$209.8810.18%
  • ethereum-classicEthereum Classic(ETC)$19.167.95%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.4717.09%
  • internet-computerInternet Computer(ICP)$5.418.12%
  • kaspaKaspa(KAS)$0.1032966.44%
  • crypto-com-chainCronos(CRO)$0.1014674.85%
  • gatechain-tokenGateToken(GT)$21.820.42%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2531281.63%
  • mantleMantle(MNT)$0.773.52%
  • render-tokenRender(RENDER)$4.957.30%
  • vechainVeChain(VET)$0.0297499.19%
  • ethenaEthena(ENA)$0.37020218.01%
  • usd1World Liberty Financial USD(USD1)$1.000.17%
  • filecoinFilecoin(FIL)$3.036.96%
  • algorandAlgorand(ALGO)$0.2343608.11%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.8412.04%
  • bitcoinBitcoin(BTC)$103,084.301.97%
  • ethereumEthereum(ETH)$2,341.9314.33%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.365.47%
  • binancecoinBNB(BNB)$635.913.07%
  • solanaSolana(SOL)$171.547.84%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2050117.75%
  • cardanoCardano(ADA)$0.797.34%
  • tronTRON(TRX)$0.2627233.03%
  • suiSui(SUI)$3.910.05%
  • chainlinkChainlink(LINK)$16.044.91%
  • avalanche-2Avalanche(AVAX)$23.269.33%
  • stellarStellar(XLM)$0.2961974.93%
  • shiba-inuShiba Inu(SHIB)$0.0000158.06%
  • hedera-hashgraphHedera(HBAR)$0.2007035.45%
  • hyperliquidHyperliquid(HYPE)$24.8713.46%
  • the-open-networkToncoin(TON)$3.282.41%
  • bitcoin-cashBitcoin Cash(BCH)$408.62-2.22%
  • unus-sed-leoUNUS SED LEO(LEO)$8.73-0.95%
  • polkadotPolkadot(DOT)$4.8212.07%
  • litecoinLitecoin(LTC)$99.437.67%
  • moneroMonero(XMR)$308.535.02%
  • daiDai(DAI)$1.000.01%
  • bitget-tokenBitget Token(BGB)$4.480.62%
  • pepePepe(PEPE)$0.00001220.62%
  • piPi(PI)$0.7315.99%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$6.3414.67%
  • bittensorBittensor(TAO)$428.033.72%
  • nearNEAR Protocol(NEAR)$2.9011.54%
  • aptosAptos(APT)$5.566.33%
  • ondo-financeOndo(ONDO)$1.027.65%
  • okbOKB(OKB)$53.652.31%
  • aaveAave(AAVE)$209.8810.18%
  • ethereum-classicEthereum Classic(ETC)$19.167.95%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.4717.09%
  • internet-computerInternet Computer(ICP)$5.418.12%
  • kaspaKaspa(KAS)$0.1032966.44%
  • crypto-com-chainCronos(CRO)$0.1014674.85%
  • gatechain-tokenGateToken(GT)$21.820.42%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2531281.63%
  • mantleMantle(MNT)$0.773.52%
  • render-tokenRender(RENDER)$4.957.30%
  • vechainVeChain(VET)$0.0297499.19%
  • ethenaEthena(ENA)$0.37020218.01%
  • usd1World Liberty Financial USD(USD1)$1.000.17%
  • filecoinFilecoin(FIL)$3.036.96%
  • algorandAlgorand(ALGO)$0.2343608.11%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.8412.04%