Governments Lock In on Crypto as Tax Goldmine and Strategic Asset
Brazil’s 17.5% flat tax on all crypto capital gains, regardless of the amount, marks a pivotal shift in global cryptocurrency taxation policy, signaling the possible end of the era of low or no tax for digital assets [1]. This move, part of the country’s broader strategy to expand revenue from financial markets, aligns Brazil with other nations re-evaluating crypto as a potential source of government income. For example, Portugal recently imposed a 28% tax on gains from crypto assets held for less than a year, shifting from a previously tax-free stance [1]. These developments highlight a growing trend among governments to integrate crypto into their tax frameworks, particularly as the asset class gains mainstream traction and offers…
