๐ฅ Brazil officially enters the crypto space!
The federal government has opened a window allowing crypto asset holders to legalize their assets if they were not declared earlier.
Here's why everyone in crypto chats is talking about it:
๐ฅ What's happening?
Brazil is launching the Rearp program โ essentially a way to say:
"Do you have BTC/ETH/SOL/USDC? Let's formalize it without the stress."
๐ธ How much does it cost?
You need to pay:
โ 15% penalty
โ 15% tax
Total: approximately 30% of the current crypto value.
๐ What do you need to provide?
Briefly:
โ your identity
โ what exactly you have in crypto
โ source of the assets
โ value as of December 31, 2024
โ declaration that everything is legal
โณ Deadline: February 19, 2026
๐ Why do it at all?
To avoid audits, account freezes, and serious issues if you've been silent about your crypto holdings.
๐ Why is this important for the market?
Because it's another signal:
๐ง๐ท Brazil is institutionalizing crypto, and the state is becoming another "investor" in the sector, legalizing it through the tax system.
The world is changing: crypto was once "offshore," but now governments are opening the doors themselves.
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