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Brazil’s IRS Sets Rules to Fine Citizens Who Don’t Declare Crypto Holdings

Brazil’s IRS Sets Rules to Fine Citizens Who Don’t Declare Crypto Holdings – AllStocks Network

The Internal Revenue Service (IRS) in Brazil has established a specified code to categorize punishment for taxpaying citizens who fail to declare their cryptocurrency operations and holdings. This can be seen as Brazil’s major attempt to take a stronger control over the Bitcoin(BTC) trade and other digital currencies trade and exchange in the country.




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