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Brazil Approves Proposed 15% Income Tax on Crypto Earnings Held on Foreign Exchanges

The move to regulate and tax cryptocurrencies held on foreign exchanges comes as digital assets are gaining popularity in Brazil. The Brazilian Senate recently gave the green light to a new tax reform aimed at imposing a 15% tax on cryptocurrencies held on foreign exchanges. The proposed bill on crypto income has already received approval from the nation’s Chamber of Deputies, a federal legislative body, and the lower house of the National Congress of Brazil. It is now awaiting final...

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