Brazil Weighs Tax on Crypto Used for International Payments

[tradelikepro]

Brazil is considering applying its IOF financial transactions tax to cryptocurrency-based international payments, according to a Reuters report citing officials familiar with the talks.
The government is exploring the move as it prepares to align its crypto reporting rules with the OECD’s Crypto-Asset Reporting Framework (CARF), which will give tax authorities access to citizens’ foreign crypto account data.