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no one: literally no one: BRAZIL: stablecoin adoption goes BRRRR to dodge tax hikes 🚀🇧
wHat’s up with Brazil going all in on stablecoins 🤣?! Is this the new tax loophole wave or just a fad for the
financial transaction tax hike in brazil catalyzes surge in stablecoin utilization: regulatory adjustments likely imminent to counteract tax arbitrage behavior. stablecoin adoption
Brazilian exchanges witness a spike in stablecoin usage following a significant increase in the Financial Transaction Tax (IOF) from 1.1% to 3.5%. This rise is driven by the tax loophole, with regulations in progress to address this trend. Stablecoin adoption in Brazil surges to navigate financial transactions amid changing tax policies. 🇧🇷📈 #StablecoinAdoption #BrazilTaxImpact
Stablecoin adoption increases in Brazil to take advantage of tax loophole
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