Brazil Adopts OECD Crypto Reporting Rules, Extending Obligations to Foreign Providers

Overview

• Brazil’s tax authority issued Instruction No. 2.29 on November 17, 2025, aligning crypto reporting with the OECD’s Crypto‑Asset Reporting Framework.
• Foreign‑domiciled crypto service providers operating in Brazil must begin reporting to the Receita Federal in January 2026.
• A new Digital Assets Declaration called DeCripto will replace the current model on July 1, 2026 via the e‑CAC portal.
• Brazilian exchanges continue monthly reporting without value thresholds, and user self‑reporting for non‑exchange operations rises to amounts above R$35,000 per month from R$30,000.
• Providers must follow CARF due‑diligence procedures including AML and KYC from January 2026, the update targets transparency and international cooperation and it does not change taxation.