Brazil's Finance Minister, Dario Durigan, has postponed the implementation of a new crypto tax policy until after the presidential elections in October 2026. The decision aims to avoid introducing potentially divisive tax changes during an election year. Originally, a public consultation on the crypto tax policy was scheduled for later this year, but it may now be delayed until 2027, though it remains a priority for the government. In June 2025, Brazil ended its tax exemption on smaller cryptocurrency transactions, instituting a 17.5% flat tax on crypto capital gains. This change affected gains from both domestic and offshore holdings. Additionally, in November 2025, the central bank classified stablecoin transfers as foreign currency exchanges, subjecting them to similar tax regulations. The government is also considering taxing cryptocurrencies used for international payments and aligning its reporting rules with the Crypto-Asset Reporting Framework (CARF).