As per CoinEdition, Brazil plans to apply the IOF financial transaction tax to cross-border crypto transfers, targeting stablecoins like USDT to close a loophole in foreign exchange taxes. Crypto transaction volumes reached $42 billion in H1 2025, with stablecoins accounting for two-thirds of activity. The new rules, effective in February, reclassify stablecoin transactions as foreign-exchange operations and impose compliance requirements on crypto service providers.
Brazil to Tax Cross-Border Crypto Payments Under New FX Rules
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