TAXATION OF CRYPTOCURRENCIES IN TOCANTINS

Abstract

The rapid expansion of the cryptocurrency market in Brazil has intensified legal and tax challenges, particularly in medium-sized municipalities such as Gurupi–TO. Despite the growing adoption of digital assets, significant gaps persist regarding the understanding of tax obligations, especially those involving international exchanges and emerging activities such as staking, mining, and decentralized transactions. This study sought to analyze how individual investors interpret and apply current tax regulations, identifying perceptions, difficulties, and strategies used to comply with—or circumvent—these requirements. The research employed a quantitative, descriptive, and exploratory approach, combining bibliographic review and a semi-structured interview with an active local investor. Content analysis revealed recurrent patterns, including the predominant use of foreign exchanges, the adoption of tax-avoidance strategies, and difficulties interpreting legal provisions such as Normative Instruction No. 1.888/2019 and Provisional Measure No. 1.303/2025. The study concludes that the Brazilian tax system is not yet prepared to address the complexity of cryptocurrency operations, highlighting the need for updated public policies aligned with the digital market.