South America's crypto industry is迎来 a significant game of taxation on stablecoins. Industry associations recently明确反对 including the Financial Transaction Tax (IOF) in the scope of stablecoin transactions. The new leadership's attitude is very firm—if regulators push this policy through行政命令, the association will毫不犹豫地启动 judicial procedures to oppose it.
What is the core consideration behind this? The association believes there are principled issues with applying IOF to stablecoins. The essence of stablecoins is as a store of value and a medium of exchange, not an investment product. According to current logic, levying a financial transaction tax on them is essentially a disguised suppression of digital assets' application in payment scenarios. Such policy orientation could not only weaken the market vitality of stablecoins but also impact the healthy development of the entire crypto ecosystem.
From the industry organization's stance, this is not just a simple tax dispute but an important issue concerning the compliance status and market space of stablecoins.
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FOMOSapien
· 3h ago
South America's association is really tough, directly threatening to go to court. I like this attitude.
If stablecoins are treated as investment products and taxed arbitrarily, the payment scene will be gone. This is indeed more than just a money issue.
If the IOF thing really spreads out, the entire South American ecosystem will shake... The regulatory game is played a bit aggressively.
The government still doesn't understand that stablecoins are just a payment tool, but insists on categorizing them as investment products.
I bet the association can win with this approach; they can't stand on political correctness.
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GateUser-9ad11037
· 3h ago
If IOF really comes down in South America, stablecoins will be doomed
Regulators are starting to cause trouble again... The association should stand firm
Let's wait and see how the judicial battle unfolds
Taxing payment tools as investments? That's illogical
If we lose this round, the entire ecosystem will suffer
The association can't back down this time; we must hold our ground
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FreeMinter
· 3h ago
Is this another tax scheme? They really treat stablecoins as investment assets; their regulators must be pretty clueless.
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I support the association's firm stance; we can't let things like IOF be casually imposed.
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Finally, someone in South America is speaking the truth: stablecoins are just payment tools. Why should they be taxed as financial transactions?
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Alright, it looks like there will be lawsuits again. It's so hard to follow rules these days.
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Let’s fight it out; it’s not the first time anyway.
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Exactly, this is a disguised suppression of payment application scenarios. That move is really damaging.
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The question is, do they really dare to challenge judicial procedures, or is it just bravado?
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Stablecoin trading liquidity depends on this; adding taxes would kill it instantly.
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It seems this time the association might win; their logic is solid.
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MetaverseLandlady
· 3h ago
Haha, South America is about to cause trouble again. Is IOF targeting stablecoins? Isn't this just trying to treat payment tools as investment products to exploit the system?
The association's stance is firm this time. If they really want to take legal action, it depends on how much the regulators want the money.
If stablecoins are taxed arbitrarily like this, users will just run away, and there's no talk of ecosystem development anymore.
This round is a defensive move by the industry. Thumbs up!
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Stablecoin transaction tax? That's a joke. They are trying to stifle payment application scenarios.
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Here we go again. Whenever taxes are imposed, the market stagnates. South America's regulatory approach really...
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Wait, does the association dare to initiate legal procedures? This matter isn't that simple.
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Basically, they want to collect taxes from the crypto market but don't even understand what stablecoins are.
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FUD_Vaccinated
· 3h ago
Haha, South America is going to play hard again? The association really dares to challenge, I think the government is also testing the bottom line.
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StableBoi
· 4h ago
Is South America also starting to play the tax game? Moving directly to judicial procedures, it seems they are really getting anxious.
If stablecoins are taxed as investment products, the payment scene will be truly over.
The IOF move is indeed a bit harsh; it depends on how the subsequent negotiations unfold.
If the association dares to confront head-on, it indicates that the issue is quite serious.
With their compliant status at risk, can they not fight back?
South America's crypto industry is迎来 a significant game of taxation on stablecoins. Industry associations recently明确反对 including the Financial Transaction Tax (IOF) in the scope of stablecoin transactions. The new leadership's attitude is very firm—if regulators push this policy through行政命令, the association will毫不犹豫地启动 judicial procedures to oppose it.
What is the core consideration behind this? The association believes there are principled issues with applying IOF to stablecoins. The essence of stablecoins is as a store of value and a medium of exchange, not an investment product. According to current logic, levying a financial transaction tax on them is essentially a disguised suppression of digital assets' application in payment scenarios. Such policy orientation could not only weaken the market vitality of stablecoins but also impact the healthy development of the entire crypto ecosystem.
From the industry organization's stance, this is not just a simple tax dispute but an important issue concerning the compliance status and market space of stablecoins.