Brazil’s Finance Minister Dario Durigan is delaying a public consultation on cryptocurrency tax policy until after the country’s presidential elections in October 2026. The move aims to avoid pushing for “divisive” tax changes during an election year, though the consultation remains on the radar and may now occur in 2027. This pause comes as Brazil, a global leader in crypto adoption, recently implemented a 17.5% flat tax on crypto capital gains and is aligning its rules with international standards.
Brazil’s Finance Minister, Dario Durigan, is postponing crypto tax policy discussions until after the presidential elections in October 2026. The decision avoids pushing for “divisive” tax changes during an election year, according to sources familiar with the matter.
Regulators had originally slated a public consultation on crypto tax policy for later this year. That consultation may now be delayed until 2027 but still “remains on the radar,” as stated by sources.
Brazil ended its no-tax policy on gains from smaller cryptocurrency sales in June 2025. The country shifted to a 17.5% flat tax on crypto capital gains, including those from offshore and self-custodial holdings.
Under previous rules, residents selling up to $6,587 per month were exempt from capital gains taxes. Investors surpassing this threshold faced progressive tax rates between 15% and 22.5%.
In November 2025, Banco Central do Brasil published rules treating stablecoin transfers as foreign currency exchange. These transfers are subject to the same tax laws.
The government is also eyeing proposals to tax cryptocurrencies used for international payments. It is aligning its reporting rules with regulations under the Crypto-Asset Reporting Framework (CARF), an international monitoring standard.
The consultation hiatus occurs as the South American country rapidly adopts crypto. Brazil ranks number five on Chainalysis’s crypto Global Adoption Index and number one in the Latin America region.
The country has a population of over 213 million people, with a median age of 33.5 years. Over 91% of the population lives in urban areas, according to data from Worldometer.
In 2025, Latin America’s crypto adoption grew by 63%. Chainalysis reported this reflects rising adoption across both retail and institutional segments.
