Brazil’s Federal Reserve (RFB), has declared that Brazilian crypto-asset traders must now pay income taxes on any transactions that include the same-kind exchange of cryptos.BTCFor (ETH).

Declaration of the RFB was Published in the Diário Oficial da União and was the result of a consultation made by a citizen of the country to the regulator. Last year’s end, the group had dissolved. Issued an opinionIt claimed that trading among cryptocurrency pairs was taxable, even if it is not converted to Brazil’s national currency.