Brazil | News

Brazil's 17.5% crypto tax signals a global shift as governments eye digital assets for revenue, ending the era of tax-friendly crypto investing worldwide. Opinion by: Robin Singh, CEO of Koinly Crypto may be the first tax lever governments pull when scrambling for more revenue, if Brazil’s recent move is anything to go by. In June, Brazil scrapped its tax exemption for minor crypto gains and introduced a flat 17.5% tax on all capital gains from digital assets, regardless of the amount. The decision was part of a broader effort by the Brazilian government to bolster revenue through increased taxation of financial markets.  Read more

Brazil’s Chamber of Deputies Economic Development Commission will hold its first hearing on Aug. 20 to examine a proposal to establish a Bitcoin Strategic Reserve (RESBit) worth up to $18.6 billion. As Agência Câmara de Notícias reported, the 3 P.M. ET session will gather technical perspectives on Bill 4501/24, which seeks to modernize Brazil’s treasury […] The post Brazil to hold first hearing on proposed $19 billion Bitcoin Strategic Reserve appeared first on CryptoSlate.

Costa says he wore women's clothes "to do a personal investigation" and claims he was secretly filmed and extorted after the clip was posted by Goiânia Mil Graus.

If a bill to create a BTC reserves passes in Brazil's House of Representatives, it will require Senate approval before being signed into law or vetoed by the country's president. Brazil’s House of Representatives will hold a hearing on Aug. 20 to discuss a bill proposing the creation of a national Bitcoin reserve in the country. According to the House website, at least six institutions are slated to participate, including the Central Bank of Brazil, the Ministry of Finance, a crypto advocacy association and representatives from fintech companies and the banking sector. The bill, introduced in November 2024, seeks to allow up to 5% of the country's treasury funds to be used to buy Bitcoin, which translates to a potential investment of roughly $15 billion, assuming the central bank’s total reserves of about $300 billion as of February. Read more

A Brazilian judge on Monday placed former president Jair Bolsonaro under house arrest for breaking a social media ban, escalating a dramatic standoff between the court and the politician, who is accused of plotting a coup. Bolsonaro is on trial at the Supreme Court for allegedly plotting to cling onto power after losing 2022 elections to President Luiz Inacio Lula da Silva. President Donald Trump has sought to punish Brazil, a longtime US ally, for what he sees as a politically motivated “witch hunt” targeting Bolsonaro by imposing eye-watering tariffs on Latin America’s biggest economy. The 70-year-old Bolsonaro is banned from social media for the duration of the proceedings, and third parties are barred from sharing his public remarks. But on Sunday, his allies defied the order by sharing footage online of a call between the former army captain and his eldest son Flavio at a solidarity rally in Rio de Janeiro. Supreme Court Justice Alexandre de Moraes reacted furiously, declaring that the judiciary would no...

As Brazil’s Pix system expands and BRICS eyes a reserve currency, Trump responds with a 50% tariff and a sweeping trade investigation. The United States has launched a formal investigation into Brazil’s digital trade practices, with a spotlight on Pix, the country’s instant payment system that has rapidly displaced private-sector competitors. The probe, announced on Tuesday by US Trade Representative Jamieson Greer, will examine whether Brazil’s digital and trade policies unfairly disadvantage US companies. Greer said the investigation will review Brazil’s “tariff and non-tariff barriers,” saying the country offers preferential treatment to other trade partners while disadvantaging US exporters. Read more

A cyberattack on Brazil’s Central Bank has triggered a wave of crypto laundering, with at least $40 million in stolen funds funneled into Bitcoin, Ethereum, and stablecoins. The post Brazil’s Central Bank Hack Sparks $40M Crypto Laundering in BTC, ETH appeared first on Cryptonews.

The theft occurred after the hackers allegedly compromised an employee of C&M, a software service provider, by buying the employee’s login credentials. C&M Software, the service provider that connects Brazil’s Central Bank to local banks and other financial institutions, was hacked on Wednesday, leading to 800 million Brazilian reais ($140 million), in stolen funds from six institutions connected to the central bank. The hack occurred after an employee of C&M allegedly sold his login credentials to the threat actor for roughly $2,700, allowing them to access the software system and steal funds held in reserve accounts, according to Brazilian news outlet São Paulo. Onchain detective ZachXBT said the hackers converted an estimated $30 million to $40 million of the stolen funds to Bitcoin (BTC), Ether (ETH) and USDt (USDT), which they laundered through Latin American exchanges and over-the-counter (OTC) trading platforms. Read more

Brazil’s new 17.5% flat crypto tax replaces previous exemptions and now applies to all digital asset gains. On June 12, 2025, Brazil introduced a sweeping new cryptocurrency tax law under Provisional Measure 1303.  It replaces the old progressive tax model with a flat 17.5% crypto tax on all capital gains — no matter how much is earned or where the assets are held. The policy ends the long-standing exemption that allowed individuals to sell up to 35,000 Brazilian reais (~$6,300) in crypto each month tax-free. Read more

Brazil advocates for a diplomatic resolution to the Russian-Ukrainian war through engagement with a wider range of international partners beyond Europe.

Brazil considers Ukraine one of the most relevant international actors in the food security chain.

Brazil is currently involved in a controversial debate over hyper-realistic baby dolls, also known as reborn dolls, as lawmakers across the country introduce a legislative escalation targeting their use. These hyper-realistic baby dolls, created to resemble real infants with amazing detail, have sparked both captivation and disgrace, mainly on social media platforms where collectors, typically […]

At least eight people were killed Saturday when a hot-air balloon with 21 passengers caught fire in southern Brazil, a state governor said. It was the second fatal balloon accident in the vast South American country in less than a week. “Eight fatalities and 13 survivors,” Santa Catarina state governor Jorginho Mello said on X. […]

At least eight people were killed on Saturday when a hot air balloon with 21 passengers caught fire in southern Brazil, said the governor of Santa Catarina state, where the incident occurred. “Eight fatalities and 13 survivors,” Governor Jorginho Mello said on X. Videos taken by bystanders and carried on Brazilian television showed the moment when the balloon erupted in flames above the coastal town of Praia Grande. The weather conditions were clear. The basket carrying the passengers plummeted dozens of meters to the ground in flames. “We still have no information” about the condition of the survivors, a spokeswoman for Santa Catarina firefighters told AFP. Praia Grande, on the Atlantic coast, is a popular destination for hot-air ballooning in Brazil. View this post on Instagram The survivors were being treated in area hospitals, firefighters said. An investigation was launched to determine the cause of the accident. “I want to express my solidarity with the families of the victims,” Brazilian President Luiz...

Brazil scraps crypto tax exemption for small traders, enforces flat 17.5% rate across all gains, including self-custody and offshore holdings. Brazil has ended its tax exemption for small-scale crypto profits, introducing a 17.5% flat rate on all capital gains from digital assets. The new rule was announced under Provisional Measure 1303 as part of the government’s push to raise revenue through financial market taxation. Until now, Brazilian residents who sold up to 35,000 Brazilian reals (roughly $6,300) in crypto assets per month were exempt from income tax. Gains beyond that were taxed progressively, starting at 15% and reaching as high as 22.5% for volumes above 30 million Brazilian reals. The new flat rate, which went into effect starting June 12, removes all exemptions and applies equally to all investors regardless of the size of their transactions, according to a report by local news outlet Portal do Bitcoin. Read more

Brazil’s Central Bank plans to treat transaction data from its central bank digital currency (CBDC) infrastructure, called Drex, as a direct input for setting the country’s interest rate benchmark. Central bank executive Henrique Videira said on June 4 at the Token Nation conference in São Paulo that every payment and asset transfer recorded on Drex’s […] The post Brazil’s central bank plans to use CBDC data to guide interest rate decisions appeared first on CryptoSlate.

XRP Ledger has welcomed two stablecoins: EURØP, a MiCA-compliant euro token backed by European banks, and USDB, a dollar coin tied to Brazilian and US bonds. The launches strengthen XRPL’s role in tokenised finance, connecting institutions, DeFi and RWA markets in Europe and Latin America. The post XRP Ledger Welcomes First MiCA-Compliant EURØP and Brazil’s USDB Stablecoins appeared first on Cryptonews.

The stock market-listed Brazilian payments firm Méliuz has unveiled plans to spend around $26.5 million on Bitcoin (BTC) purchases. The post Brazil’s Méliuz Announces Plans to Buy Another $26.5M Worth of Bitcoin appeared first on Cryptonews.

Ukraine's Foreign Minister Andrii Sybiha has called on Brazil to help facilitate direct negotiations between Presidents Volodymyr Zelensky of Ukraine and Vladimir Putin of Russia in Istanbul.

US musician Lady Gaga has broken her silence following the arrest of two people for allegedly plotting to bomb her historic concert in Brazil’s Rio de Janeiro on Saturday. To Read Lifestyle Stories in Urdu – Click Here Earlier, Brazilian police said that they had thwarted a bomb attack planned for her concert that drew […]