Áureo Ribeiro defines as "horrible" a 30% tax to regulate cryptocurrencies.

Source: PortaldoBitcoin Original Title: Áureo Ribeiro describes the 30% tax to regularize cryptocurrencies as “horrible” Original Link: https://portaldobitcoin.uol.com.br/aureo-ribeiro-define-como-horrivel-imposto-de-30-para-regularizar-criptomoedas/ Federal deputy Áureo Ribeiro (Solidariedade-RJ) described the Brazilian government's ordinance that establishes a 30% tax for those who want to regularize undeclared cryptocurrencies as “horrible.”

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 focuses on the Special Regime for Asset Updating and Regularization (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 outside the regulations, 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, the reference date defined by law. A total taxation of 30% applies to this amount, consisting of a fixed Income Tax of 15% on the presumed capital gain and a penalty of 100% on the Income Tax (, meaning 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. “A person who wants to repatriate money doesn't do it under these conditions, because there is no incentive. And does the government expect 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 for us 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 states 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 then, 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 combination 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 costly issue 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 by the government about the crypto market,” he stated.

BC got it right on crypto regulation, says deputy

Ribeiro emphasized 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 believe that the resolution is a significant and awaited advancement by the cryptocurrency market in Brazil. The law provided the foundation for the Central Bank to gather the market, 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 attract 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 exchange operations — which could pave the way for the collection of IOF.

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

Despite the positive balance, he emphasized 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 in the sector continues to evolve. “The market is constantly changing. And I am sure that the next steps will come. Congress will not stop legislating.”