Latam Crypto News: Brazil is transmitted to the encryption assets tax, USDT gains in Bolivia
The coding scene in Latin America continues to develop, with new products and regional expansions that highlight its rapid growth.
The most prominent news this week is that Brazil proposed a new list to make encrypted currencies under the financial market tax rules.
On the other hand, Stablecoins is used, such as USDT, is increasingly used in Bolivia in daily transactions, with some stores now showing prices in the United States of America instead of local currency.
Brazil is transmitted to the tax of encryption assets
On Wednesday, the Brazilian federal government proposed a temporary legislation that greatly changes taxes on financial investments through Placing cryptocurrencies such as Bitcoin and Stablecoins under the first time financial market tax rules.
The proposal is replaced by unlucky directives IOF and seeks to increase public revenues without raising direct taxes on individuals, a policy supported by the Ministry of Finance.
Under the new law, taxes on encryption assets will be imposed at one rate of 17.5 %, regardless of the period that is kept-a significant departure from the current income tax scheme, which has benefited from the long-term investors.
The legislation also removes tax exemptions for traditional assets such as LCIS and LCAS, raising tax obligations for companies to support technology and encryption platforms, and allows profit deduction and losses from all financial assets in annual tax decisions.
Usdt earns a land in Bolivia
Note the CEO of Tether Paolo Ardoino The increasing use of USDT in BoliviaIt prompted economic insecurity and the decrease in the population to search for more solid financial tools.
As a result, Stablecoins is increasingly used in daily transactions, with some stores that now show prices in USDT instead of Bolivianus.
Financial institutions, especially Banco de Crédito de Bolivia, have started providing international international transplants free of fees, indicating increased acceptance of digital assets.
Usdt in the Bolivia’s financial environment is an accurate but important shift.
Companies, such as Candy and Snack Shops, are now pricing the elements in USDT, while banks such as Banco Bisa provide custody and transactions for stable and stable symbol.
Tether’s success in Bolivia is the definition of financial behavior. It may pave the way for the accreditation of the cryptocurrency in the future, including the creation of a digital currency for the Central Bank (CBDC) and the “virtual polypheno”.
Increased encrypted transfers in Latin America
According to a recent research conducted by Chainalysis and Austrac, Exposed transfers in Latin America increased by 40 % last year.
Argentina got most encrypted transfers in the region ($ 91 million) in 2024, followed by Mexico (12 million dollars).
This trend shows a shift towards border border payments faster through cryptocurrencies such as Bitcoin and Stablecoins, especially in countries that are subject to economic problems.
Latin America is now the fourteenth rank in the world for ATM Cryptocurrency, with the addition of Mexico and Brazil 90 and 70 machines, respectively.
El Salvador continues to obtain the lowest transaction fee, which enhances cryptocurrency transfers, which represent about 24 % of GDP.
Access to digital assets has become more popular, as platforms such as Cryptomkt offer in actual time to local currency and new Coinflip kiosks in Mexico.
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