Brazil’s Proposed Crypto Tax: Winners, Losers, and the End of an Era for Retail Investors

Brazil’s Congress is currently debating a provisional measure that could potentially transform crypto taxation in the country—and not necessarily for the better. If passed, the reform would place a flat 17. 5% tax on all crypto gains, however large or small. According to Fabio Plein, Coinbase’s Regional Director for the Americas, the proposed measure would represent a significant setback for retail and small-scale investors source: https://beincrypto.com/new-brazil-crypto-tax-to-hurt-retail-investors/