Brazil Enacts Legislation for Taxation on Cryptocurrency Abroad

Brazil Citizens Will Pay Up To 15 Percent Of Crypto Profits To StateOn December 12, President Luis Inácio Lula da Silva of Brazil sanctioned legislation that mandates the taxation of crypto assets held overseas by Brazilian citizens.This law, published in the official Gazette of the Union the following day, is set to be enforced starting January 1, 2024, with certain... source: https://www.coingabbar.com/en/crypto-currency-news/brazil-citizens-have-to-pay-tax-on-crypto-gains