JUST IN: Brazil is targeting Bitcoin and cryptocurrencies to combat tax evasion in Latin America.


Brazil's Ministry of Finance presented a study on cryptocurrency monitoring in Latin America at a meeting with PTLAC partners. The OECD created CARF, a regulatory framework that requires crypto platforms to report user balances to tax authorities.
Peru has achieved 80% effectiveness in detecting foreign income and plans to disclose the controlling shareholders of all companies by November 2026.
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