Reported 10 months ago
Brazil's tax authority plans to summon foreign crypto exchanges operating in the country like Binance, Coinbase, OKX, and KuCoin to explain their operations and cooperation with local service providers. The goal is to gather information on transactions for taxation purposes and ensure compliance with regulations. The move comes as crypto assets have surged in Brazil, with 14.5 billion reais declared using exchanges abroad in a recent period.
Source: YAHOO