Provisional Measure (MP) 1303/2025 that sparked discussions about the "end of exemption" for cryptocurrencies up to R$ 35,000. The government's attempt, coordinated by the Ministry of Finance as a strategy to increase revenue, was to impose a 17.5% Income Tax (IR) on crypto assets and eliminate the R$ 35,000 exemption limit. However, in October 2025, it was rejected in the National Congress after losing validity without being voted on. The exemption of up to R$ 35,000 remains valid for Brazilian investors in 2026. The rapporteur of the proposal, Deputy Carlos Zarattini (PT-SP), strongly criticized the rejection.#btc $BTC