As things stand, Brazil does not regulate the cryptocurrency market, and transactions involving Bitcoin and other digital coins are not directly supervised by the country’s Central Bank. However, since August 2019, investors, companies, and currency exchanges have been legally obliged to report cryptocurrency transactions when they exceed BRL 30,000 (USD 5,300) per month. And this year, for the first time, Brazil’s Federal Revenue Service has used this data to tighten up its monitoring of income tax evasion.
A survey released by the Federal Revenue Service showed that Brazilian taxpayers declared a total of USD 101.5 billion in cryptocurrency transactions between August 2019 and July 2020. This is the equivalent to roughly five times...
The Ibre-FGV GDP monitor, a tool to predict economic activity in Brazil, suggests that the…
The floods in the Brazilian state of Rio Grande do Sul have killed nearly 150…
Home to the largest tropical forest in the world, an energy mix that is high…
The northeastern Brazilian state of Piauí isn’t among the country’s richest or most populous states…
Rio Grande do Sul Lieutenant-Governor Gabriel Souza said the state government is considering relocating entire…
Affected by severe floods and landslides, Rio Grande do Sul is also Brazil's wine country.…