Comment on MP no. 1303/2025 on taxation of financial applications and virtual assets

The Congressional Joint Committee is expected to review Provisional Measure 1303/2025, which includes among its proposals the reduction of the rate applied to undeclared cryptocurrencies to the IRS, as well as other incentives.

This initiative is laying the groundwork for when to exit crypto market regulation.This race to organize the house also reflects the concern, so discussed throughout the process of building the rules, which is the screening of cryptocurrencies in order to mitigate irregularities such as money laundering and terrorist financing.

This move aims to encourage investors to declare their cryptos before there is an increase in taxes.In June this year, the RF announced that any move will be taxed at 17.5% from 2026. Until that date, only trades above R$35 thousand reais monthly are subject to taxes.  

One of the objectives is that Revenue has visibility even of assets that are stored under self-custody, that is, they are not in exchanges. This is one of the most discussed points of the regulation that is about to be published. While part of the market is concerned with privacy, RF fears what does not go through the institutions supervised by it.

The debate is another reflection of the complexity of organizing such a new market, which constantly seeks to reconcile security with innovation. It is necessary to observe the reaction of investors from the increase in taxes, because investing in digital assets will be more expensive.

*Sarah Uska, Bitybank crypto analyst*