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BTCC / BTCC Square / Global Cryptocurrency /
Brazilian Congress to Debate Lula-Imposed Crypto Tax Scheme

Brazilian Congress to Debate Lula-Imposed Crypto Tax Scheme

Author:
Global Cryptocurrency
Published:
2025-07-24 13:51:01
4
1
BTCCSquare news:

Brazilian lawmakers are set to scrutinize President Lula's controversial cryptocurrency taxation measure, which revoked income tax exemptions for small-scale trading and specifically targeted DeFi operations. The provisional decree, enacted in June, has sparked debate over its legal and economic implications for the digital asset sector.

The move reflects growing global regulatory pressure on crypto markets, particularly decentralized finance ecosystems. Market participants await the congressional decision, which could set a precedent for fiscal policy in emerging economies.

|Square

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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