Brazil has introduced a new law that allows the local tax agency, Department of Federal Revenue of Brazil, to gather information from local cryptocurrency exchanges on customer transactions in order to prevent crypto tax evasion. The new laws are going to come into force starting in September 2019 and will cover any and all legally registered cryptocurrency exchange in the country. When it comes to Brazilian citizens trading cryptocurrencies on foreign platforms, it will be up to the traders themselves to report their trading volumes exceeding $8000. The reports will have to include the assets used, the date and type
