Brazil’s finance minister pauses crypto tax consultation until after 2026 election

Finance Minister Dario Durigan has put work on crypto tax policy on hold until after the presidential election in October 2026, arguing that pursuing tax changes during an election year could be divisive. A public consultation that regulators had planned for later this year may be delayed until 2027, though the matter remains on the radar.

In June 2025 Brazil ended its exemption for gains from smaller cryptocurrency sales and shifted to a 17.5% flat tax on crypto capital gains, covering offshore and self-custodial holdings. Under the previous rules, residents who sold up to 35,000 Brazilian real (about $6,587) per month were exempt, while those above that threshold faced progressive rates between 15% and 22.5%.

Banco Central do Brasil issued rules in November 2025 treating stablecoin transfers as foreign currency exchange and therefore subject to the same tax laws.

Brazil

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