A Record Number of Women in Brazil are Declaring Their Crypto Holdings to the Tax Man | Crypto

A Record Number of Women in Brazil are Declaring Their Crypto Holdings to the Tax Man

In 2019, the Brazilian Internal Revenue Service issued a requirement that all traders should submit information regarding trades made in cryptocurrencies.

As a result, the number of women declaring tax reports and, consequently, performing crypto trades has increased by approximately 4%.

The most popular cryptocurrencies appearing on tax declarations are Tether (USDT), Bitcoin (BTC), USD Coin (USDC), and Ethereum (ETH).

Latin America is a promising market for the crypto industry, with many countries on the continent stepping up their crypto efforts.

In 2021, the country saw $4.27 billion made in purchases with cryptocurrency and over $90 billion in overall transactions.

Brazilian authorities are looking into ways to regulate cryptocurrency in order to manage it better.

brazil crypto A Record Number of Women in Brazil are Declaring Their Crypto Holdings to the Tax Man

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