Brazilian Finance Minister postpones cryptocurrency tax policy due to elections

Jinse Finance reported that on March 22, Brazil's Finance Minister Dario Durigan temporarily shelved cryptocurrency tax policies until after the presidential election in October 2026, in order to avoid implementing "controversial" tax reforms during an election year. Sources told Reuters that regulators and government officials originally planned to launch a public consultation on cryptocurrency tax policies later this year, but this plan may be postponed until 2027, although it remains "on the agenda." In June 2025, Brazil will end the policy exempting gains from small-scale cryptocurrency sales or transfers from taxation, switching to a unified 17.5% capital gains tax rate on cryptocurrencies, including gains from offshore and self-custody holdings. According to previous regulations, Brazilian residents could sell up to 35,000 Brazilian reais (approximately $6,587) worth of cryptocurrencies per month without paying capital gains tax; investors exceeding this amount were subject to a progressive tax rate ranging from 15% to 22.5%.