Brazil Postpones Crypto Tax Policy Until After 2026 Elections

Brazil’s Finance Minister, Dario Durigan, has decided to postpone the crypto tax policy until after the presidential election in October 2026 to avoid promoting tax changes that could cause division during the election year.

Regulators and government officials previously planned to hold a public consultation on crypto tax policy later this year, but it may be delayed until 2027. However, this issue is still “being closely monitored,” according to Reuters sources.

Brazil ended its tax exemption on profits from small cryptocurrency transactions in June 2025, replacing it with a flat 17.5% tax rate on crypto gains, including offshore-held and self-managed assets.

Under the previous regulation, residents selling crypto valued under 35,000 Brazilian reais (about $6,587 USD) per month were exempt from capital gains tax, while amounts exceeding that were taxed progressively from 15% to 22.5%.

In November 2025, the Central Bank of Brazil issued a regulation treating stablecoin transfers as foreign exchange transactions, applying the same tax laws.

The Brazilian government is also considering proposals to tax crypto used in international payments and to adjust reporting rules to align with the International Crypto Asset Supervision Framework (CARF).

The decision to delay crypto tax consultations comes amid rapid growth in Brazil’s crypto industry.

Brazil is one of the world leaders in crypto adoption rates. According to Chainalysis’ Global Crypto Adoption Index, Brazil ranks fifth worldwide and leads Latin America.

The country has a population of over 213 million, with an average age of 33.5, and more than 91% of residents live in urban areas, according to Worldometer data.

In 2025, “the crypto adoption rate in Latin America increased by 63%, reflecting strong growth in both retail and institutional sectors,” Chainalysis stated.