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Brazil Accepts Crypto As Tax Payments
By Ivy Heffernan1 min read
Brazilian taxpayers can now pay through Crypto. A Large bank in Brazil has started making Crypto an option for taxpayers to settle their dues.
This is all made possible with the help of Brazilian-based crypto firm Bitfy, which will be the “collection partner” for the process.
“New digital economy is a catalyst for a future full of advantages.” - said Lucas Schoch, Bitfy’s founder and CEO.
In December 2022 Brazil also accept Crypto as a form of payment for goods.
The new tax law should be effective as of June, 2023.
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