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Latam Insights: Brazil’s 1 Million Bitcoin Strategic Reserve Bill Introduced, Stablecoin Taxation Also in the Works
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition, a strategic bitcoin reserve bill was introduced in the Brazilian Congress, Brazil prepares to tax stablecoins, and Argentina’s… Read full article
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Brazil to Propose 3.5% Tax on Stablecoin Purchases and Remittances
The measure, described last week, would be submitted by Brazil’s Revenue Service for public consultation and would impose a 3.5% tax on both stablecoin purchases and remittances, treating them as foreign currency exchanges subject to the existing Tax on Financial… Read full article
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1M BTC Plan? Brazil Reintroduces Strategic Bitcoin Bill
Brazil reintroduces Bill 4501/2024 to buy up to 1M BTC over 5 years, with a projected $68B allocation and Bitcoin as Drex collateral.
Brazil has revived a proposal that could reshape its reserve strategy and digital asset policy.
Lawmakers have… Read full article
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Brazil Revives Strategic Bitcoin Reserve Plan Targeting Purchase Of Up To 1 Million BTC
Even as Bitcoin (BTC) struggles with weak price performance and heightened volatility over the past month, Brazil’s House of Representatives is signaling a markedly different long‑term outlook. Lawmakers are once again exploring the creation of a national Bitcoin reserve that… Read full article
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