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The South American country will hold its presidential election in October 2026, and incumbent Luiz Inácio Lula da Silva is running for re-election.Brazil’s Finance Minister, Dario Durigan, is putting crypto tax policy on the back burner until after the country’s presidential elections in October 2026 to avoid pushing for “divisive” tax changes during an election year.
Regulators and government officials originally slated a public consultation on crypto tax policy for later this year, which may be delayed until 2027, but still “remains on the radar,” sources familiar with the matter told Brazil ended its no tax policy on gains from smaller cryptocurrency sales or transfers in June 2025, shifting to aUnder the previous rules, residents who sold up to 35,000 Brazilian real, equivalent to about $6,587, per month were exempt from capital gains taxes on any profits, and investors who surpassed this threshold were subject to progressive tax rates between 15% and 22.5%.and is aligning its reporting rules to be consistent with regulations under the Crypto-Asset Reporting Framework , an international monitoring standard for crypto transactions. The decision to place the crypto tax consultation on hiatus comes during a time when the South American country is rapidly adopting crypto, and the industry is growing in Brazil.The country has a population of over 213 million people, with a median age of 33.5 years, and over 91% of the population lives in urban areas, according to In 2025, “Latin America’s crypto adoption grew by 63%, reflecting rising adoption across both retail and institutional segments,” according to Chainalysis.Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy
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