The Brazilian government is considering creating rules for the collection of IOF on operations with crypto assets, especially stablecoins, after the Central Bank defined this month that part of these transactions will be classified as currency exchange operations. The information was confirmed to Reuters.
So far, operations with crypto are subject only to mandatory declaration to the Federal Revenue and the payment of Income Tax on capital gains above R$ 35 thousand monthly.
There is no incidence of IOF, which opened up space for digital assets to be used to circumvent traditional transfers, especially in the case of international payments.
The interpretation is that stablecoins function, in practice, as a cheap way to keep resources tied to the dollar, which would bring these operations closer to the concept of exchange.
Editorial: @Athena99
ThaiTraderOficial Team
