Latam Insights: Brazil Introduces Crypto Tax Evasion Bill, El Salvador Finalizes New Bitcoin Diploma Program

BTC1,08%

Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition, a bill to criminalize crypto-linked foreign currency tax evasion surges in Brazil, El Salvador finalizes its Bitcoin Diploma 2.0 educational program, and Engie mulls adding bitcoin mining to its operations in Brazil.

Bill Criminalizing Crypto-Powered Foreign Currency Tax Evasion Surges in Brazil

Brazil is taking measures to tighten its grip on rising volumes of crypto outflows, especially those involving stablecoins, by imposing penalties on undeclared cryptocurrency transactions.

Bill 746/2026, introduced by Federal Deputy Tabata Amaral, explicitly defines the crime of cryptocurrency tax evasion, getting stablecoin exchanges outside a gray zone classified as a loophole by some regulators and government officials.

The crime of foreign currency tax evasion is defined in Brazilian regulation as “carrying out an unauthorized exchange operation, with the purpose of promoting the evasion of foreign currency from the country.”

Read more.

Latam Insights: Brazil Introduces Crypto Tax Evasion Bill, El Salvador Finalizes New Bitcoin Diploma Program

El Salvador Finalizes Bitcoin Diploma 2.0 Educational Program

El Salvador is on the verge of expanding its bitcoin and money programs with a new educational development.

The National Bitcoin Office (ONBTC) of El Salvador recently announced the completion of its Bitcoin Diploma 2.0 educational program, an overhaul of prior attempts to bring bitcoin and money concepts to Salvadoran public schools.

The program, developed in partnership with innovation agency Wespark, explains the story of money and the rise of bitcoin in the simplest way possible, avoiding technical jargon.

Read more.

Engie Eyes Bitcoin Mining to Address Solar‑Power Curtailment in Brazil

Engie, a global power company, is seeking alternatives to leverage its excess solar power generation in Brazil.

According to reports, Eduardo Sattamini, Engie county manager for Brazil, stated that the French energy conglomerate is considering using part of the energy produced in Assu Sol, its largest solar facility, to power local bitcoin mining or data center operations.

Nonetheless, while the company is currently looking at other companies that would take the energy curtailed for these processes, Sattamini acknowledges that it will not be a quick process, as the logistics behind this option encompass interested companies building infrastructure near the complex.

Read more.

FAQ

  • What recent legislation related to crypto is being proposed in Brazil?
    A bill in Brazil is seeking to criminalize foreign currency tax evasion linked to cryptocurrency, targeting undeclared transactions.
  • What does El Salvador’s Bitcoin Diploma 2.0 program aim to achieve?
    The program provides education on bitcoin and financial concepts for public schools, simplifying the subject for students.
  • Why is Engie considering bitcoin mining in Brazil?
    Engie plans to leverage excess solar power generation in Brazil for potential bitcoin mining operations to address solar power curtailment.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Goldman Sachs Files for Bitcoin Premium Income ETF with SEC

Goldman Sachs has applied to the SEC to launch a Bitcoin Premium Income ETF, marking its entry into the Bitcoin ETF market. This follows Morgan Stanley's recent launch of a similar product, highlighting growth in institutional Bitcoin yield-focused investments.

GateNews3h ago

BTC 跌破 74000 USDT

Gate News bot 消息,Gate 行情显示,BTC 跌破 74000 USDT,现价 73999.9 USDT。

CryptoRadar3h ago

BTC drops 0.75% in 15 minutes: quick pullback triggered by short-term position trimming and capital outflows

2026-04-14 16:45 to 17:00 (UTC), the BTC market saw a clear ups-and-downs move, with a 15-minute return of -0.75%. The price quickly dropped from the 74529.4 to 75233.4 USDT range, with an amplitude of 0.94%. During this period, trading volume increased by about 12% compared with the average of the prior hour; market attention rose, and volatility significantly intensified. The main drivers of this sudden move were short-term holders collectively cutting positions and a large outflow of exchange funds. From 16:45 to 17:00, the net outflow of BTC was approximately 4,800 BTC

GateNews4h ago

Bitcoin Reclaims $76,000 as US March PPI Misses Forecasts

Bitcoin surged past $76,000 following lower-than-expected US Producer Price Index data for March 2026, which indicated a 4% year-over-year increase. The rise reflects strong market support despite declining leveraged positions.

GateNews6h ago

BTC 15-minute rise of 0.64%: a technical breakout of key resistance combined with weak liquidity amplifies volatility

2026-04-14 15:30 to 15:45 (UTC), BTC saw short-term fluctuations within the 74,795.5 to 75,319.3 USDT range, with a return of +0.64% and a range of 0.70%. During this period, market attention warmed up, volatility intensified, trading volume rose slightly compared with the previous hour, and short-term buy orders pushed the price upward quickly. The main driver of this unusual move was BTC’s short-term technical breakout above the 74,000 USDT key resistance, which generated a long signal and triggered rapid responses from quantitative and programmatic buy orders. At the same time, because the order book depth has been rising since 2025

GateNews6h ago
Comment
0/400
No comments