This step will allow Brazilian taxpayers to easily determine their tax commitments by expanding “access” to the digital ecosystem.

The Great Brazilian Bank offers a new and practical alternative to taxpayers to determine their quotas using cryptocurrencies.

According to a statement published by the Brazilian Banco Do Banco Bank on February 11, it is now “possible” for Brazilian taxpayers to pay the Krypto tax office in a joint initiative with the Bitfy Cryptotic Company.

It is available to Brazilians from Kryptus Bitfy, who will act as a “collection partner” for a large Brazilian bank.

He noted that in addition to the convenience it provides customers, it can “expand” the use and access to the digital asset system with “national lighting”, while it has the comfort of a recognized bank that provides consumer protection.

Lucas Shokh, founder and CEO of Bitfy, added that “a new digital economy is a catalyst for a future, full of benefits.”

The statement states that Krypto users will experience a simple process, with the tax parts that are with the number of real, official currency of Brazil, which should be converted to the selected cryptocurrency for payment.

Taxpayers will receive access to the tax account by scanning the barcode, as they pay the “ballet”, which means a ticket, a popular payment method in Brazil.

Related: Brazil can secure its economic leader status thanks to 2024.

The move happens after in October 2022 in October 2022 in October 2022 in October 2022 in October 2022 in October 2022 in October 2022 in October 2022 in October 2022 in October 2022 in October 2022 in October 2022 Year in October 2022 in October 2022.

In December 2022, Brazil adopted a regulatory base that legalizes the use of cryptocurrencies as a payment method.

The law is likely to come into force this June.

In May 2022, the residents of Brazil said they needed to pay taxes for an equal kind of crypto -trader, such as switching bitcoin

Ticinaries down
23 373 dollars

for the ether

Ticinaries down
1640 dollars


However, not all crypto -investors in Brazil must announce their transactions. The regulator claims that only 35,000 realities (about $ 6,711) are in the cryptor should pay income tax.

Source: CoinTelegraph