🔥 Brazil officially enters the crypto space!
The federal government has opened a window allowing crypto asset holders to legalize their assets if they were not declared earlier.
Here's why everyone in crypto chats is talking about it:
💥 What's happening?
Brazil is launching the Rearp program — essentially a way to say:
"Do you have BTC/ETH/SOL/USDC? Let's formalize it without the stress."
💸 How much does it cost?
You need to pay:
— 15% penalty
— 15% tax
Total: approximately 30% of the current crypto value.
📂 What do you need to provide?
Briefly:
✔ your identity
✔ what exactly you have in crypto
✔ source of the assets
✔ value as of December 31, 2024
✔ declaration that everything is legal
⏳ Deadline: February 19, 2026
📌 Why do it at all?
To avoid audits, account freezes, and serious issues if you've been silent about your crypto holdings.
👀 Why is this important for the market?
Because it's another signal:
🇧🇷 Brazil is institutionalizing crypto, and the state is becoming another "investor" in the sector, legalizing it through the tax system.
The world is changing: crypto was once "offshore," but now governments are opening the doors themselves.
#BTC $BTC $XRP #BinanceSquare #CryptoBoom #Binanceholdermmt
#walrus $WAL
