imposto

The Brazilian government tried to impose a 3.5% IOF tax on stablecoins via decree, and the crypto community pushed back. ABcripto, ABFintechs, and three other associations representing 850 companies publicly stated that this would be illegal and unconstitutional. The Minister of Finance backtracked and postponed the proposal until March 2026, but made it clear that the topic will resurface after the elections.

This is happening at the same time that MP 1.303 eliminated the tax exemption for crypto sales up to R$ 35 per month and standardized the tax to 17.5% on any capital gains from crypto assets. Two moves from the government in the same year, heading in the same direction: tightening the noose on crypto users in Brazil.

The IOF is suspended for now. But suspended doesn't mean canceled. The government itself stated that the discussion will return after October. Do you believe that, after the elections, they will back down from another revenue source?

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