Brazil Proposes 3.5% Tax on Stablecoin Transactions, with $1,910 Monthly Exemption for Individuals
Brazil's Federal Revenue Service proposes a 3.5% Financial Operations Tax (IOF) on stablecoin purchases and transfers, treating them as foreign exchange. Individuals with monthly transactions below BRL 10,000 (~$1,910) are exempt; businesses are not. The move aims to close regulatory loopholes but could push users toward DeFi.








