Brazilian tax authorities will share cryptocurrency asset data with other countries

Source: PortaldoBitcoin Original Title: Receita Federal expands oversight and begins sharing cryptocurrency data with other countries Original Link: The Brazilian tax authority (Receita Federal) has issued a new regulation that incorporates cryptocurrencies such as Bitcoin into the automatic exchange of financial information with tax authorities of other countries, significantly expanding the scope of international cooperation in digital asset transaction regulation.

This measure is included in the “Normative Instruction No. 2.298/2025 of the Federal Revenue Service,” which revises the rules for identifying financial accounts, bringing electronic money, Central Bank digital currencies (CBDC), and crypto assets into the reporting scope, aligning Brazil with the international standards set by the Organization for Economic Co-operation and Development (OECD) in the “Crypto Asset Reporting Framework” (CARF).

The regulation will come into effect on January 1, 2026, with actual data exchange expected to begin in 2027.

With this update, financial institutions and crypto asset service providers will have obligations similar to those for traditional financial products. Exchanges, custodians, and other platforms managing crypto assets on behalf of clients must identify account holders and report detailed information about balances and transactions, including those involving overseas platforms (as long as these platforms serve Brazilian residents).

The new rules update “Normative Instruction No. 1.680/2016 of the Federal Revenue Service,” which handles automatic financial information exchange under the Common Reporting Standard (CRS). It now explicitly includes digital assets within this international cooperation mechanism.

The tax authority aims to close historic gaps in cryptocurrency transaction regulation, especially those occurring outside the traditional financial system, strengthening efforts to combat tax evasion and money laundering.

Inclusion of crypto assets in international data exchange is a supplement to other changes implemented by the tax authority during 2025. In November, the agency established the “DeCripto” (Crypto Asset Declaration), a new monthly information submission system via the electronic service platform, replacing the previous system and expanding the details required for digital asset transactions. This new system is also aligned with the OECD’s CARF and is expected to become mandatory starting July 2026.

Through these measures, Brazil has made progress in modernizing its digital asset regulatory framework, aligning with standards adopted by other major economies, and closing historic gaps that allowed lower transparency in crypto asset transactions, especially in the international context.