Latam Insights: Brazil Defeats Crypto Tax Revamp; US Buys Argentine Pesos
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In
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Tax
$3B in Revenue Lost as Brazil Defeats Lula-Sponsored Crypto Tax Measure
The Provisional Measure that terminated tax exemptions for small crypto holders was defeated in Congress, being withdrawn from the discussion
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Roger Ver reaches tentative $48 million tax fraud settlement with DOJ
Key Takeaways Roger Ver, known as “Bitcoin Jesus,” agreed to a tentative $48 million settlement with the DOJ over unpaid
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Buenos Aires Set to Hit Crypto Natives With New Tax Measures
Buenos Aires is introducing a new taxation framework that will hit freelancers and stores receiving crypto with a 6% gross
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New York bill proposes tax on Bitcoin mining for energy aid
Key Takeaways New York introduced bill S.8518 to tax proof-of-work cryptocurrency mining operations such as Bitcoin. The tax revenue is
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Strategy avoids tax hit on Bitcoin after new IRS guidance
Key Takeaways The IRS and US Treasury issued new guidance excluding Strategy’s unrealized gains on Bitcoin from the corporate alternative
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Kadyrov Appoints Teenage Son to Oversee Local Tax Collection in Chechnya
Chechen leader Ramzan Kadyrov has appointed his 17-year-old son to supervise property tax payments by municipal organizations in the North
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India Intensifies Tax Scrutiny on Past Crypto Activity and Unreported Assets
India is intensifying tax enforcement on past crypto transactions, issuing official notices that demand detailed disclosures and warn of penalties
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Brazilian Crypto Industry Takes Action to Avoid Tax Obliteration
The cryptocurrency industry is mobilizing in Brazil to shut down the Provisional Measure that expands the crypto income tax for
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India Detects Crypto Tax Evasion—Over 44K Notices Sent to Investors
India has launched a massive cryptocurrency tax enforcement drive, targeting tens of thousands of investors and uncovering hundreds of crores
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