Brazil's Congress has voted against a proposed crypto tax overhaul supported by Lula, which aimed to impose a 17.5% flat fee on small traders. The proposal, initially enacted in June, was removed from the legislative agenda with 251 votes in favor of rejection and 193 against.
In a separate development, the U.S. Treasury has intervened in Argentina's currency market by purchasing pesos. This move, confirmed by Secretary Scott Bessent, addresses concerns over the peso's undervaluation and market illiquidity. Additionally, OranjeBTC, a prominent Bitcoin firm, is preparing to list on Brazil's B3 stock exchange on October 7.
Brazil Rejects Lula-Backed Crypto Tax; U.S. Buys Argentine Pesos
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