Bitcoin News
By Steven Anderson
1 / 15
Brazil's crypto supporters won't back down. The Parliamentary Front for the Free Market is drafting legislation to kill a proposed 3.
2 / 15
The draft bill should hit Congress soon, with Congressman Lucas Mendes leading the charge to gather enough votes to block the tax decree.
3 / 15
Finance Minister Ana Reis is reportedly looking at alternatives to the original tax proposal, according to sources close to the ministry.
4 / 15
The Brazilian Blockchain and Cryptocurrency Association dropped a bombshell warning on March 12.
5 / 15
March 15 can't come fast enough for crypto supporters. That's when the Parliamentary Front for the Free Market meets to finalize their draft bill, and they're confident they can…
6 / 15
Congress will hold a public hearing March 18 where both sides get to make their case. Several key lawmakers plan to participate actively, and the hearing could shape how the…
7 / 15
Livia Andrade from the Getulio Vargas Foundation thinks the government's making a mistake. She told reporters that while taxation brings short-term revenue, it might scare off…
8 / 15
The National Congress's Economic Affairs Committee will review the draft bill once it's introduced.
9 / 15
Things get murky when it comes to enforcement. The Brazilian Securities Commission hasn't issued guidance on how the proposed tax would actually work, leaving market participants…
10 / 15
March 20 brings another showdown. A coalition of Brazilian fintech companies led by Fintech Brasil plans a press conference to voice unified opposition to the stablecoin tax.
11 / 15
The Brazilian Chamber of Digital Commerce isn't sitting idle either. President Ricardo Teixeira scheduled a March 22 meeting with the Ministry of Economy to discuss potential…
12 / 15
Senator Julia Almeida jumped into the fray with plans for an amendment to the draft bill. She wants to exempt certain stablecoin transactions from taxation to protect small…
13 / 15
The Brazilian Institute of Tax Studies is digging deep into the legal implications. IBET's comprehensive analysis should be ready by March 25, and it'll examine constitutional…
14 / 15
Brazil's crypto sector is watching every move. The outcome of this legislative battle could determine whether Brazil stays competitive in the global crypto economy or falls…
15 / 15
The Ministry of Finance still hasn't commented officially on the proposed tax. Sources say internal discussions continue about the best approach, but no timeline exists for a…
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