Brazil’s finance minister Dario Durigan has delayed plans for new crypto tax policies until after the country’s October 2026 presidential elections to avoid politically sensitive changes.
The government had planned a public consultation on crypto taxation this year, but sources indicate the process may now be pushed back to 2027.
Brazil already introduced a 17.5% flat tax on crypto capital gains in June 2025, replacing previous exemptions for smaller transactions.
Under earlier rules, monthly crypto sales below 35,000 reais were tax-free, while higher amounts were taxed progressively between 15% and 22.5%.
Additional regulations introduced in November 2025 classify stablecoin transfers as foreign currency transactions, bringing them under existing tax laws.
Authorities are also considering taxes on crypto used for international payments and aligning reporting standards with the global Crypto-Asset Reporting Framework.
The policy delay comes as Brazil ranks among the world’s top crypto adoption markets, with strong growth across both retail and institutional users.