Brazil Mulls Taxing Crypto for Cross-Border Payments: Reuters

Brazil is looking at taxing the use of cryptocurrencies for international payments, Reuters reports, citing two officials familiar with the matter.

• Country’s finance ministry is weighing expanding its financial transaction tax to some cross-border transfers using virtual assets and stablecoins that the central bank has classified as ‌forex operations, one of the people told Reuters
• Brazil’s finance ministry declined to comment to Reuters

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Louise Moon in London at lmoon13@bloomberg.net

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Sachin Ravikumar at sravikumar6@bloomberg.net

Olivia Tam

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