Brazil: Consultation on draft guidance implementing cryptoasset reporting

The consultation will run from November 7, 2024, to December 6, 2024. 

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November 22, 2024

The Brazilian Federal Revenue Service (RFB) on November 7, 2024, issued a public consultation document on draft guidance requiring certain cryptoasset service providers to report the following information on cryptoasset transactions to the RFB:

  • Transfer of cryptoassets between Brazil and other countries
  • Cryptoassets linked to other type of assets
  • Deposit of cryptoassets to decentralized finance (DeFi) platforms
  •  Fractionalization of non-fungible tokens (NFTs)

The consultation will run from November 7, 2024, to December 6, 2024.

Read a November 2024 report prepared by the KPMG member firm in Brazil

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