strong buy
Public Opposition to 'Tax Everything' Measure Sparks Crypto Exodus in Brazil
A new publication reports that Lula is losing support: 93% of the population is against the provisional measure aiming to impose a 17.5% tax on all Bitcoin and cryptocurrency trades.
Provisional Measure 1303, nicknamed 'Tax Everything MP', is facing strong opposition from the public and parliament, and could drive crypto companies out of Brazil.
Source available for registered users Sign Up Free
AI Analysis
The widespread rejection of the 'Tax Everything MP' indicates significant dissent against increased taxation on cryptocurrencies within Brazil. The fact that 93% of the population opposes the measure ...
AI Recommendation
Investors and crypto companies should closely monitor developments related to Provisional Measure 1303. If the measure proceeds despite opposition, consider evaluating the risk exposure of assets and ...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
You might also be interested in:
top pick
strong buy