Latam Roundup: Brazil Moves on Crypto Tax Evasion, El Salvador Unveils Bitcoin Diploma
Brazilian lawmakers are advancing a bill that would criminalize crypto-related foreign-currency tax evasion, a move aimed at tightening oversight of cross-border crypto flows and closing perceived loopholes used to avoid taxes. If passed, the proposal could increase compliance obligations for exchanges, payment processors and traders, and raise the stakes for institutions operating in Brazil as enforcement powers expand.
In El Salvador, the government has completed its Bitcoin Diploma 2.0 program, continuing a national push to build local skills around BTC and blockchain. The initiative is framed as part of broader adoption efforts and may help create more technically trained users and service providers in a country that has fully embraced Bitcoin.
Separately, energy company Engie is reportedly considering adding bitcoin mining to its Brazilian operations, a development that would link industrial energy demand and crypto infrastructure. That prospect underscores the intersection of regulation, energy policy and market adoption across Latin America at a time when BTC remains the region's headline crypto asset.