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Brazil Approves Proposed 15% Income Tax on Crypto Earnings Held on Foreign Exchanges

The move to regulate and tax cryptocurrencies held on foreign exchanges comes as digital assets are gaining popularity in Brazil. The Brazilian Senate recently gave the green light to a new tax reform aimed at imposing a 15% tax on cryptocurrencies held on foreign exchanges. The proposed bill on crypto income

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OKX launches crypto exchange, wallet services in Brazil

Cryptocurrency exchange and Web3 developer OKX announced the expansion of its services for users in the Brazilian market with a local crypto exchange and Web3 wallet platform. On Nov. 27, the company said it is focusing on providing a gateway to decentralized finance (DeFi) and crypto trading with Brazilian real fiat-on ramp

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Binance CEO, colleagues face potential indictment in Brazil

A Brazilian congressional committee has suggested indicting Binance CEO Changpeng Zhao and other leaders at the exchange, alleging fraud. Brazil’s National Congress committee’s recommendation to indict Binance’s leaders, including Zhao, could lead to a legal battle for the world’s largest cryptocurrency exchange. The committee investigating crypto-related Ponzi schemes accused Zhao and

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