BTC $66,366.00 (-1.23%)
ETH $1,924.66 (-2.36%)
XRP $1.39 (-4.60%)
BNB $600.22 (-2.58%)
SOL $80.61 (-2.00%)
TRX $0.28 (+1.00%)
DOGE $0.10 (-3.14%)
BCH $551.70 (-1.53%)
ADA $0.27 (-3.89%)
LEO $8.69 (+1.93%)
HYPE $28.41 (-2.12%)
XMR $329.95 (-1.34%)
LINK $8.46 (-3.22%)
CC $0.16 (-5.86%)
XLM $0.16 (-4.18%)
RAIN $0.01 (-0.87%)
ZEC $260.33 (-7.16%)
HBAR $0.10 (-3.71%)
LTC $51.99 (-4.18%)
AVAX $8.87 (-1.84%)

Brazil vs Venezuela

Crypto regulation comparison

← Back to map | Brazil | Venezuela
Brazil

Brazil

Venezuela

Venezuela

Legal
Legal

Brazil passed comprehensive crypto legislation (Law 14,478) in December 2022, which took effect in June 2023. The Banco Central do Brasil was designated as the primary regulator for crypto assets used as payment, while the CVM oversees crypto securities. Capital gains on crypto are taxed at 15-22.5%.

Venezuela has a unique crypto history. The government launched the Petro (PTR) state cryptocurrency in 2018, backed by oil reserves, though it was widely considered a failure and discontinued. SUNACRIP regulates crypto activities and has licensed mining operations. Venezuelans have high crypto adoption due to hyperinflation, with USDT widely used as a de facto currency. Crypto mining requires a SUNACRIP license.

Tax Type Capital gains
Tax Type Income
Tax Rate 15-22.5%
Tax Rate Up to 34%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Banco Central do Brasil, CVM, Receita Federal
Regulator SUNACRIP (Superintendencia Nacional de Criptoactivos)
Stablecoin Rules Central Bank developing stablecoin-specific rules as part of the crypto regulatory framework
Stablecoin Rules Government launched Petro (PTR) state crypto (discontinued); SUNACRIP regulated stablecoins
Key Points
  • Law 14,478/2022 (Marco Legal das Criptomoedas) provides a comprehensive legal framework
  • Banco Central regulates VASPs; exchanges must obtain authorization to operate
  • Capital gains taxed at 15% (up to R$5M), 17.5% (R$5-10M), 20% (R$10-30M), 22.5% (above R$30M)
  • Monthly gains under R$35,000 from sales on domestic exchanges are exempt
  • Receita Federal requires detailed monthly reporting of crypto transactions via IN1888
Key Points
  • SUNACRIP regulates crypto exchanges, mining, and service providers
  • Government-backed Petro cryptocurrency launched in 2018, largely discontinued
  • Crypto mining requires SUNACRIP license and registration
  • Very high crypto adoption driven by hyperinflation; USDT widely used
  • Income from crypto subject to progressive tax rates up to 34%
Sources
Sources