Brazil's Finance Minister, Dario Durigan, has put crypto tax policy on hold until after the country's presidential elections in 2026 to avoid potentially divisive tax changes during an election year. The decision comes as Brazil rapidly increases its adoption of crypto technology and becomes one of the top countries in the world for this type of activity. The country ended its no tax policy for smaller cryptocurrency gains in June 2025, shifting to a 17.5% flat tax on crypto capital gains, including those made from offshore and self-custodial holdings. The central bank, Banco Central do Brasil, has published rules that treat stablecoin transfers as foreign currency exchange under the same tax laws. The Brazilian government is also considering proposals to tax cryptocurrencies used for international payments and aligning its reporting rules to be consistent with regulations under the Crypto- Asset Reporting Framework (CARF).