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Latam Insights: Brazil Pushes for BRICS Unified Financial System, Milei Axes Tax Enforcement Agency

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazil declares the necessity of creating a BRICS-centric…

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Bitcoin Is Digital Oil Well Fueling Rural Texas Economic Revival, Mayor Says

Mayor Ward Roddam of Rockdale, Texas, sees bitcoin mining as the key to his town’s resurgence after the devastating closure of its largest employer, Alcoa. Comparing it to Texas’ oil…

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Crypto Billionaire Flees London Over Offshore Tax Concerns

Christian Angermayer, a billionaire crypto investor, has reportedly moved from London to Switzerland as the UK considers tightening tax policies on offshore wealth. Angermayer’s relocation signals the potential departure of…

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Turkey Scraps Planned Crypto Tax, Targets Economic Reforms

Turkey has decided not to move forward with a new tax targeting stock market and cryptocurrency gains, according to Vice President Cevdet Yilmaz. While previously discussed, the plan has been…

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Bitcoin Investor Faces Prison Time for Underreporting Crypto Gains

A bitcoin investor has pleaded guilty to underreporting his cryptocurrency gains, including $3.7 million from BTC sales, resulting in a tax loss to the Internal Revenue Service (IRS) of over…

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IMF Economists Suggest Electricity Tax to Lower Crypto and AI Environmental Impact

International Monetary Fund (IMF) economists have warned of the environmental impact of crypto mining and AI data centers, which are projected to increase global electricity consumption to 3.5% by 2027,…

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Latam Insights Encore: Bukele Pushes Controversial Substitution of National Products Policy To Fight Inflation, Offers Free Coffee on Top

Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we discuss the import duties exemption measure President…

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Latam Insights Encore: Bukele Impulsa la Controvertida Sustitución de la Política de Productos Nacionales para Combatir la Inflación, Ofrece Café Gratis Encima

Bienvenidos a Latam Insights Encore, una profunda mirada a las noticias más relevantes de América Latina sobre economía y criptomonedas…

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Australia’s tax agency won’t clarify its confusing, ‘aggressive’ crypto rules

The Australian Tax Office’s new rules on DeFi are unclear on whether capital gains taxes apply to liquid staking and transferring to layer 2 bridges.

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