Key Points: A significant Brazilian bank offers a new and practical way for taxpayers to pay their taxes in digital currency.
Brazilians can use it if Bitfy has cryptocurrency in their custody. This will serve as a “collection partnership” for the main Brazilian bank.
Brazilian citizens were informed previously that taxes on similar-kind cryptocurrency trades would be due in May 2022.
According to the commission, only investors who transact in cryptocurrency for more than 35,000 reals ($6,711) are required to pay income taxes. Only investors who transact in cryptocurrency for more than 35,000 reals ($6,711) are required to pay income taxes, according to the commission.DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.Join us to keep track of news: https://linktr.ee/coincuWebsite: coincu.comAnnieCoincu NewsTags: BrazilianBrazilian BankDigital CurrencyTaxpayers