The post Brazilian Government Mulls Taxing Stablecoins Remittances as Foreign Currency Flows appeared on BitcoinEthereumNews.com. The Brazilian government would be considering taxing stablecoin flows, applying the known Tax on Financial Operations (IOF) on remittances and international payments using these instruments. The news comes as the Central Bank of Brazil will start treating these as foreign currency starting in February. Report: Brazil Mulls Applying Taxes to International Stablecoin Flows The Facts […] Source: https://news.bitcoin.com/brazilian-government-mulls-taxing-stablecoins-remittances-as-foreign-currency-flows/The post Brazilian Government Mulls Taxing Stablecoins Remittances as Foreign Currency Flows appeared on BitcoinEthereumNews.com. The Brazilian government would be considering taxing stablecoin flows, applying the known Tax on Financial Operations (IOF) on remittances and international payments using these instruments. The news comes as the Central Bank of Brazil will start treating these as foreign currency starting in February. Report: Brazil Mulls Applying Taxes to International Stablecoin Flows The Facts […] Source: https://news.bitcoin.com/brazilian-government-mulls-taxing-stablecoins-remittances-as-foreign-currency-flows/

Brazilian Government Mulls Taxing Stablecoins Remittances as Foreign Currency Flows

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The Brazilian government would be considering taxing stablecoin flows, applying the known Tax on Financial Operations (IOF) on remittances and international payments using these instruments. The news comes as the Central Bank of Brazil will start treating these as foreign currency starting in February. Report: Brazil Mulls Applying Taxes to International Stablecoin Flows The Facts […]

Source: https://news.bitcoin.com/brazilian-government-mulls-taxing-stablecoins-remittances-as-foreign-currency-flows/

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