Brazil Slaps 17.5% Crypto Tax on Everyone—No More Free Rides for Small Investors

Brazil''s tax hammer just came down hard on crypto profits—no exceptions, no mercy. The new flat 17.5% rate kicks the exemption ladder out from under retail traders, squeezing even the little guys.

Here''s the kicker: The government claims it''s ''leveling the playing field.'' Because nothing says fairness like taxing your grandma''s Bitcoin stash the same as a hedge fund''s derivatives play.

Active traders saw this coming—Brazil''s been eyeing crypto revenues like a starved jaguar since 2023. But killing the sub-$1,200 exemption? That''s a straight-up middle finger to financial inclusion.

Pro tip: If you''re still using centralized exchanges here, maybe reconsider. The taxman''s bots are already scraping transaction histories—and they take payments in fiat only, naturally.