The metaverse and the cryptocurrency market is currently a hot topic, but which is subject to rules that may not be yet very clear to society. With this in mind, our lawyer Patrícia Cristina Orlando Villalba wrote an article published on the Migalhas portal about the equivalence between virtual asset service providers and financial institutions.

If there was any doubt: Yes, it is necessary to declare, to the IRS, investments in crypto assets equal to or above R$ 5,000.00, and taxation will be levied on the disposal, in a single or several operations, above R$ 35,000.00 in the same month. What is new is the distinction between the specific asset codes, classified into: 1) Cryptocurrency and Bitcoin; 2) Other cryptocurrencies known as altcoins; and 3) Stablecoins.

Do you want to know more? Read the full article at the link: https://www.migalhas.com.br/depeso/366421/leao-no-tempo-das-moedas-virtuais