Brazil plans to Enforce 15% Tax on Crypto Earnings Held on Offshore Exchanges

Brazil plans to Enforce 15% Tax on Crypto Earnings Held on Offshore Exchanges

The Brazilian Senate has approved new income-tax regulations that could result in citizens paying up to 15% on earnings from cryptocurrencies held on international exchanges. The bill has been approved by the Chamber of Deputies and is awaiting sanction by President Luiz Inacio Lula da Silva. The new regulation could be effective as of January…