Áureo Ribeiro defines the 30% tax to regularize cryptocurrencies as "horrible".

Source: PortaldoBitcoin Original Title: Áureo Ribeiro defines the 30% tax to regularize cryptocurrencies as “horrible” Original Link: “Horrible.” This is how federal deputy Áureo Ribeiro (Solidariedade-RJ) defined the Brazilian government's ordinance that establishes a 30% tax for those who want to regularize undeclared cryptocurrencies.

In an interview during the Blockchain Conference Brazil 2025, Ribeiro stated that although crypto regulation has advanced significantly this year, the government is still lagging behind when it comes to taxation.

Your main criticism falls on the Special Regime for Updating and Regularizing Assets (Rearp), published by the federal government on November 21, through Law 15.265/2025.

The measure works, in practice, as an opportunity to regularize assets held out of compliance, allowing investors to avoid future penalties, provided they agree to pay the defined tax and formalize their position.

According to the rules, the taxpayer must report the market value of the crypto assets as of December 31, 2024, a date set by law. On this amount a total taxation of 30% applies, consisting of a fixed Income Tax of 15% on the presumed capital gain and a fine of 100% on the IR (, that is, an additional 15% on the gain ).

In the view of the deputy who was the author of the legal framework for cryptocurrencies in 2022, the size of the tax is the big problem.

“It's horrible. Out of touch with reality”, defined Ribeiro. “The person who wants to repatriate money doesn't do it under these conditions, because there's no incentive. And the government expects people to bring the money back to Brazil? It doesn't make sense.”

Ribeiro stated that “the government is poorly advised” on the issue and that there is a lack of dialogue with the sector. “The government's expectations are far from what is needed. More dialogue is needed to move forward and ensure that these resources return to Brazil.”

Another example of a problem faced by the crypto sector this year was MP 1.301, which set a tax of 18% on cryptocurrencies, but was ultimately overturned in Congress.

Regarding the fact that he voted in favor of the MP in the committee, Ribeiro claims that the decision was part of a strategy:

“There was a legislative strategy: the MP has two votes, the first being in the committee. And there, we voted in favor in the committee because it had to be taken to the plenary and make the government believe it could win. There we did what was necessary, in conjunction with other leaders, to defeat the MP.”

For him, the measure demonstrated a lack of understanding on the part of the Executive. “It was a very sensitive topic for the market. The rule increased taxes for those who invest less and decreased for those who invest more. It is a lack of understanding from the government about the crypto market,” he stated.

BC got it right on crypto regulation, says deputy

Ribeiro highlighted that the resolution published by the Central Bank of Brazil was in line with market expectations and creates solid foundations for the development of the crypto sector in the country.

“I think the resolution is a very significant and anticipated advancement for the crypto asset market in Brazil. The law provided the foundation for the Central Bank to bring the market together, open public consultations, and provide the legal and economic security that the market needs.”

In the deputy's view, the market is beginning to establish itself very clearly. “The goal is for Brazil to have a regulatory environment to welcome international competitors and have them open their administrative headquarters here in the country.”

Ribeiro also commented on the rule that equates operations with stablecoins and international transactions with crypto to currency exchange operations — which may pave the way for IOF charges.

“I think we will move forward with the discussion. We need to have a lot of dialogue with the Revenue and with the Central Bank so that it is as painless as possible for the market.”

Despite the positive balance, he highlighted that there are still important pending issues, such as Bill 4.931/2023, which deals with asset segregation, which he defines as the next step for the regulation of the crypto market in Brazil.

In the end, the parliamentarian emphasized that the regulatory process of the sector is still evolving. “The market is constantly changing. And I am sure that the next steps will come. Congress will not stop legislating.”