The Federal Revenue has taken another step to enhance control over cryptocurrency operations conducted by Brazilians on international exchanges.
With the new Normative Instruction 2.291/2025, which creates the Declaration of Cryptoassets (DeCripto), the reporting rules are changing and practically eliminate that "gray area" that many investors believed existed when operating outside Brazil.
Under the new text, foreign exchanges are required to report to the Revenue all operations of Brazilian users, as long as they operate in the country in some way — whether through a domain in Portuguese, targeted advertising, partnerships with local intermediaries, or facilitation of deposits/withdrawals.
The new rules will come into effect in July 2026.
