"FinTax: Decoding the Regulatory Logic Behind Brazil's Virtual Asset Law Amendments"

From July 2024 to June 2025, Brazil's crypto asset trading volume reached $318.8 billion, a year-over-year increase of 109.9%, with stablecoins accounting for over 90% of transactions, representing approximately one-third of total cryptocurrency activity in Latin America. Brazil has not enacted separate legislation to tax crypto assets; instead, it has chosen to incorporate them into the existing tax system and establish a mandatory information disclosure system to achieve regulation. On one hand, the bill prohibits high-risk algorithmic stablecoins; on the other hand, it requires strengthened reserve constraints, introduces criminal liability to increase the cost of violations, and strengthens cross-border regulation. Read the full article: