It looks like Brazil’s hardcore tax laws are starting to hurt its crypto industry. Two digital exchanges in Brazil – Acesso and Latoex – have shut their doors permanently, claiming they cannot adhere to the country’s new tax laws which they cite as extremely strict and rigid.Crypto Companies in Brazil Are Facing the HeatBoth trading platforms say they are facing heavy fines. In addition, the tax laws have caused a lot of people to exit the space altogether, and thus both companies are facing...
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