Brazil Tax Authority Requires Reporting All Bitcoin Transactions Starting Today

Brazil Tax Authority Requires Reporting All Bitcoin Transactions Starting Today

Source: Brazil Tax Authority Requires Reporting All Bitcoin Transactions Starting Today

Brazil Tax Authority Requires Reporting All Bitcoin Transactions Starting Today 3369 Total views 112 Total shares Listen to article 2:19 N

Beginning today, Aug. 1, Brazil citizens are obligated to report on their crypto transactions with the country’s tax authority, the Department of Federal Revenue (RFB).

Entities in Brazil must report on all kinds of crypto transactions

As Cointelegraph Brazil reports today, transactions involving cryptocurrencies such as Bitcoin (BTC) must be reported to the RFB in accordance with rules established by Normative Instruction 1,888 introduced in May 2019.

As reported by national public news agency Agência Brasil, the new measure applies to individuals, companies and brokerages, and includes all kinds of crypto-related activities, including buying and selling, as well as donations, barters, deposits, withdrawals and others.

The measure requires entities to provide monthly reports by the end of the month following the month when crypto-related transactions occurred, the report notes. As such, the information for the month of August should be provided until the last business day of September.

According to the rules, local crypto exchanges will have to inform the RFB about all the operations regardless of value. However, those who use foreign exchanges or brokerages, or make peer-to-peer transactions in crypto, will have to report on the transactions if the monthly amount exceeded 30,000 Brazilian reais ($7,800), Cointelegraph Brazil reports.

Penalties range from 1.5% to 3% of the amount of unreported transaction

Those who fail to report on their crypto transactions will face penalties ranging from 100 to 500 Brazil reais or from $25 to $130. The RFB is also authorized to charge from 1.5% to 3% of the amount of the unreported transaction as a penalty, according to Agência Brasil.

The RFB believes that digital currency market in Brazil has more investors than Brazil’s second oldest stock exchange, B3, which reportedly has about 800,000 customers. By applying the measure, the authority intends to combat illicit activities such as money laundering, tax evasion and terrorist financing, the report notes.

Recently, head of the Federation of Industries of the State of São Paulo expressed concerns that Brazilians could start using crypto to evade taxes.

EWS Beginning today, Aug. 1, Brazil citizens are obligated to report on their crypto transactions with the country’s tax authority, the Department of Federal Revenue (RFB). Entities in Brazil must report on all kinds of crypto transactions As Cointelegraph Brazil reports today, transactions involving cryptocurrencies such as Bitcoin (BTC) must be reported to the RFB in a

Uncovered documents reveal FBI labels QAnon as a domestic terrorist threat

https://milnenews.com/2019/08/01/uncovered-documents-reveal-fbi-labels-qanon-as-a-domestic-terrorist-threat/

According to a previously unpublicized document obtained by Yahoo News, The FBI  has labeled “fringe conspiracy theories” as a domestic terrorist threat. Specifically naming QAnon.

The FBI intelligence bulletin from the bureau’s Phoenix field office, dated May 30, 2019, describes “conspiracy theory-driven domestic extremists,” as a growing threat, and notes that it is the first such report to do so. It lists a number of arrests, including some that haven’t been publicized, related to violent incidents motivated by fringe beliefs.

The document specifically mentions QAnon.

“The FBI assesses these conspiracy theories very likely will emerge, spread, and evolve in the modern information marketplace, occasionally driving both groups and individual extremists to carry out criminal or violent acts,” the document states. It also goes on to say the FBI believes conspiracy theory-driven extremists are likely to increase during the 2020 presidential election cycle.

The FBI claims another factor driving the intensity of this threat is “the uncovering of real conspiracies or cover-ups involving illegal, harmful, or unconstitutional activities by government officials or leading political figures.” The FBI does not specify which political leaders or which cover-ups it was referring to.

President Trump is mentioned by name briefly in the latest FBI document, which notes that the origins of QAnon is the conspiratorial belief that “Q,” allegedly a government official, “posts classified information online to reveal a covert effort, led by President Trump, to dismantle a conspiracy involving ‘deep state’ actors and global elites allegedly engaged in an international child sex trafficking ring.”

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CALL TO ARMS? Ocasio-Cortez Says Those in ‘Poverty in the US’ Should ‘Riot’ Like Palestinians | Sean Hannity

Ryan Saavedra

NEW: Anti-Semitic Rep. Alexandria Ocasio-Cortez (D-NY) encourages Palestinians to “riot” against Israel https://www.foxnews.com/politics/ocasio-cortez-palestinians-no-choice-riot-against-israel 

AOC says Palestinians ‘have no choice but to riot’ against Israel

Rep. Alexandria Ocasio-Cortez agreed that Israel is “criminal” in its treatment of Palestinians and said they have no other choice but to “riot” against the Jewish state.

foxnews.com

Source: CALL TO ARMS? Ocasio-Cortez Says Those in ‘Poverty in the US’ Should ‘Riot’ Like Palestinians | Sean Hannity