Brazil: Cryptocurrency Dealings & Trades Now Reportable

Brazil: Cryptocurrency Dealings & Trades are Now Reportable

Under Revenue Ruling RFB IN 1.888/2019, purchases and sales of virtual currencies must be reported to Brazil's Federal Treasury after an announcement from the Brazilian Government. Information on each transaction must be reported monthly through the Virtual Service Centre (e-CAC), whenever the monthly transaction total exceeds  USD $7,600 (BRL30,000).