Brazil: Consultation on draft guidance implementing cryptoasset reporting
The consultation will run from November 7, 2024, to December 6, 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The Brazilian Federal Revenue Service (RFB) on November 7, 2024, issued a public consultation document on draft guidance requiring certain cryptoasset service providers to report the following information on cryptoasset transactions to the RFB: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