Brazil’s New DeCripto Reporting Rules Start July 1: What the R$ 35,000 Limit Means for Offshore Crypto Investors

If you live in Brazil and trade cryptocurrency on foreign exchanges or decentralized platforms, a major policy shift starting July 1, 2026, could trigger new reporting requirements if your transactions cross R$ 35,000 (roughly $6,760).

By Ana Gonzalez | June 23, 2026

For years, many digital asset holders believed that trading on overseas platforms or using peer-to-peer (P2P) transfers kept their financial activities private. However, global tax authorities are rapidly closing these gaps. Brazil is leading the charge in Latin America with the introduction of its new DeCripto system. If you hold major digital assets like Bitcoin (BTC), currently priced at $62,455, or Ethereum (ETH) at $1,657.2, you need to understand how these new reporting obligations will affect your portfolio. Even popular tokens like Solana (SOL), priced at $68.81, or XRP at $1.099, fall under this new system. This update is designed to make sure the government has a clear view of your foreign crypto assets, and it starts at the beginning of next month.

The Legislative Move

The regulatory shift is driven by a new rule known as Normative Instruction (IN) RFB No. 2,291/2025. This official instruction was published by the Brazilian Federal Revenue Service (known locally as the Receita Federal) back in November 2025. It is set to replace the older rules under IN 1,888/2019, which have governed crypto tax reporting for the last several years. While the new regulation was announced last year, the formal obligation for taxpayers to submit their monthly reports through the new DeCripto portal begins on July 1, 2026. Until June 30, 2026, the older reporting standards remain in place.

Under the new DeCripto framework, the reporting threshold for individual taxpayers is set at R$ 35,000 per calendar month. This is an increase from the previous limit of R$ 30,000 under the old rules. If you conduct transactions on offshore exchanges, decentralized finance (DeFi) platforms, or directly with other users via peer-to-peer (P2P) methods, you must submit a report if your total monthly activity exceeds this R$ 35,000 threshold. To help you access the portal, the tax authorities require you to log into the e-CAC system, which is the Virtual Taxpayer Assistance Center. The e-CAC is the virtual service center of the Brazilian tax authority where citizens can access their tax records and submit files electronically.

It is important to emphasize that this new regulation is purely an administrative update for reporting. It does not change existing tax rates or the tax laws themselves. For instance, the capital gains taxes and the monthly exemption limit of R$ 35,000 for individual sales remain exactly as they were. Instead, this rule changes how, where, and what details you must report to the government.

Jurisdiction Context

To understand why Brazil is making this move, we must look at the global stage. The Receita Federal is not acting alone. The DeCripto system is designed to align Brazil’s national tax rules with the Crypto-Asset Reporting Framework (CARF). The Crypto-Asset Reporting Framework (CARF) is an international standard developed to help tax offices automatically share information about cryptocurrency transactions across borders. CARF was developed by the Organisation for Economic Co-operation and Development (OECD) to ensure that tax authorities around the world can track digital assets as easily as they track traditional bank accounts.

By implementing this system, Brazil is joining a group of over 70 participating countries that have agreed to automatically exchange tax information. This means that if a Brazilian resident trades crypto on an exchange based in Europe or another participating country, that country’s tax office will automatically share those transaction details with Brazil’s Receita Federal. This global cooperation is like an international neighborhood watch for digital money, making it much harder for individuals to hide assets in foreign digital wallets.

This policy update comes at a time when the Brazilian Real has faced some volatility. The Real has traded near 5.18 Reals per U.S. dollar, showing a decline of approximately 3.18% over the past month. As local currencies fluctuate, many investors turn to digital assets like Bitcoin or dollar-pegged stablecoins. The government wants to make sure it doesn’t lose track of this capital outflow as citizens seek alternatives to the domestic currency.

Industry Reaction

The cryptocurrency industry is preparing for a significant compliance workload as the July deadline approaches. Under the new rules, any Virtual Asset Service Provider (VASP) that targets Brazilian residents must report all of their users’ monthly operations. Virtual Asset Service Providers (VASPs) are companies, like exchanges or custodians, that help customers buy, sell, or manage digital assets. If an exchange has a web address ending in “.br”, accepts the local Pix payment system, or markets its services in Portuguese, it is considered to be targeting Brazil. These companies must report every single transaction, regardless of the amount. There is no R$ 35,000 exemption limit for these businesses.

Major international exchanges are building automated data pipelines to comply with these rules. For years, many foreign platforms operated in a gray area, but the threat of penalties and the loss of access to the massive Brazilian market has forced them to comply. Domestic exchanges are generally supportive of the new rules, as they have already been reporting user data under the old system. They believe that forcing foreign competitors to follow the same rules creates a level playing field.

Compliance Hurdles

For everyday investors, the new DeCripto reporting rules represent a major hurdle. The scope of what you must report is much wider than before. It includes buying, selling, transfers between your own wallets, and even complex activities. Here are some of the technical terms you need to know, explained simply:

• Decentralized Finance (DeFi): DeFi refers to financial products and services, like borrowing or trading, that run on public blockchains instead of through central banks or traditional brokerages.
• Staking: Staking is the process of committing your cryptocurrency to support a blockchain network’s operations, earning rewards or interest in return.
• Peer-to-Peer (P2P) Transactions: P2P transactions are direct trades made between two individuals without any exchange or middleman mediating the deal.
• Swaps: A swap is a direct exchange of one type of cryptocurrency for another without turning it back into physical cash first.
• Airdrops: An airdrop is when a blockchain project sends free cryptocurrency tokens directly to your digital wallet to generate interest in their project.

Tracking all of these activities is incredibly complex. An everyday analogy is to imagine having to keep a receipt for every single cup of coffee you buy, trade, or share with a friend, and then reporting the value of those cups of coffee to the government at the end of the month. If you are active in the DeFi space, you might execute hundreds of transactions a day. Under the new rules, you must report these transactions if you conduct them without a Brazilian exchange and cross the monthly limit. If you trade Ethereum (ETH) at $1,657.2 for Solana (SOL) at $68.81, you must track the exact values at the moment of the trade. This requires software and meticulous record-keeping, which many regular investors do not have the time or skills to manage.

What’s Next

As the July 1, 2026 deadline approaches, investors must take action to ensure they are compliant. The Receita Federal has made the DeCripto layout and reporting manuals available on the e-CAC portal. Failing to report your transactions or reporting them late can lead to heavy fines and audits, which can freeze your assets or damage your credit score.

What This Means For You:

• Review Your Monthly Volume: If you buy or sell crypto on international exchanges or DeFi platforms, check if your monthly total exceeds R$ 35,000. For example, trading Bitcoin (BTC) at $62,455 or Ethereum (ETH) at $1,657.2 will easily push you over this threshold if the transaction size is significant. However, minor trades of XRP at $1.099 will keep you well below the limit.
• Use Crypto Tax Software: Manually tracking every swap, staking reward, and transfer is nearly impossible. Consider using dedicated software that connects to your wallets and calculates your monthly totals automatically.
• Keep Records of Everything: Keep track of the date, transaction size, and USD values of all your digital assets. This includes even minor activities like airdrops or staking rewards.
• Log Into e-CAC Early: Familiarize yourself with the e-CAC portal before the July deadline to ensure you do not encounter login or technical issues when it is time to file.

By taking these steps, you can navigate the new rules safely and avoid costly mistakes. The era of private offshore trading is coming to an end, but with proper planning, you can continue to build your digital wealth with confidence.

The cryptocurrency market remains highly volatile. This article is for informational purposes only and does not constitute financial advice.