The Central Bank of Brazil is considering taxing remittances of stablecoins

ChainCatcher news, the Central Bank of Brazil is currently exploring the possibility of taxing remittances based on stablecoins. According to industry stakeholders, the Central Bank of Brazil is considering incorporating this taxation into the final version of cryptocurrency regulations that will be finalized next year.

Local media pointed out that this could be achieved by providing different licenses to cryptocurrency companies based on the services offered. For example, tokenization companies would need to apply for a standard Virtual Asset Service Provider (VASP) license, while companies offering stablecoin exchange services may need to apply for a different license.