Brazil Adopts OECD Crypto Reporting Standard, Launches DeCripto and New Duties for Foreign Platforms

Overview

• Receita Federal issued Instruction 2.29 on Nov. 17 to align rules with the OECD’s CARF, stating the update concerns reporting and cooperation rather than taxation.
• DeCripto, a new national crypto declaration accessed via the e‑CAC portal, becomes mandatory in July 2026, with the current model valid through June 30, 2026.
• From January 2026, foreign crypto service providers serving Brazilian residents must report to the tax authority and apply CARF due‑diligence procedures, including KYC/AML.
• Brazilian exchanges remain obligated to file monthly reports regardless of value, while users transacting outside Brazilian exchanges must report operations above R$35,000 per month, up from R$30,000.
• The framework sets objective tests for when a foreign platform is deemed to serve Brazilians (such as .br domains, local fund reception via partners, PIX‑linked cash‑out intermediaries, or Brazil‑targeted advertising), and coverage extends to DeFi activities reported as in scope.