# Brazil Accepts Crypto As Tax Payments

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Last modified: 2023-02-12

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By Ivy Heffernan · 2023-02-12
Tags: Top Stories, Crypto, Featured, 2023, Ivy Heffernan
Signed: no (published before platform launch).
Nothing in this article is investment advice.

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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