According to the latest report, in Brazil, there are new additions in the cryptocurrency tax requirements in Brazil. The traders dealing with cryptocurrency are now required to report about their transactions to the county’s National Treasury. As per the published guidelines of Brazil’s Department of Federal Revenue, transactions that exceeded the thirty thousand dollars Brazilian real (seven thousand six hundred dollars) ought to be reported to the tax authorities. This ruling is being perceived by the masses as a way to increase tax generation as it targets both the private investors and those companies that deal with cryptocurrency. In South
