“Cryptocurrencies are not currency stricto sensu, according to Central Bank. They are not financial assets either, based on Brazilian SEC (CVM) understanding. However, they are assets for tax purposes and, therefore, their generation (mining), acquisition, use or alienation generate tax consequences”, explained Ana Claudia Utumi at the Brazilian Congress of Tax Law, organized by Brazilian Institute of Tax Law IBDT, on August 22-24, 2018.

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