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Do you see Brazil to become a powerhouse market for cryptocurrency in the coming years?
I hope that Brazil will do something good for its people when it comes to cryptocurrencies and that these regulations will be something positive that will enable people to invest safely, and on the other hand, that they will not have to pay excessive taxes on their profits. If I'm not mistaken, spot BTC ETFs were available in Brazil long before this happened in the US, and from some other news I've read over the years, it always seemed to me that Brazil had a strong crypto community.
This is certainly a topic in which member @bitmover could give his opinion.
Thanks for mentioning me.
Brazil is rising taxes everywhere.
A few months ago, we could sell about 6k USD of cryptocurrencies each month tax free. In January 2024 this changed, and now we have to pay 15% taxes because crypto is now considered "international investment".
There is an exception: If you sell in a few domestic exchanges, you still get this 6k USD free taxes. However, this new regulatory framework will probably put an end in this exception.
I don't expect nothing good from this new regulatory framework. Our government is socialist, our President is an extreme left radical, he doesnt like crypto at all, neither his party.
I expect more taxes and some news about DREX (our new CBDC)
https://cointelegraph.com/news/brazilian-cbdc-drex-official-name-and-logo