Brazil Orders Companies, Citizens to ‘Report Crypto Transactions’

Cryptonews Brazil’s National Treasury has ruled that the country’s citizens must declare all domestic cryptocurrency transactions as of August 1 this year. Per Brazilian media outlet Globo, the Treasury says that it made its decision in an attempt to fight crimes “such as money laundering, tax evasion, weapons trafficking and the funding of terrorism.” The Treasury claims, “As crypto May 08, 2019 at 07:03PM By Crypto News