Quote from: dive on November 01, 2015, 09:54:38 PM

Quote from: unamis76 on November 01, 2015, 06:10:06 PM

I think their problems with the Brazilian Real is making them see cryptocurrencies in a different way, much like what happened (and is still happening) in Venezuela.

I agree. The Brazilian Real lost between 30% and 40% of its value in 2015 compared to the US Dollar.

Quote from: Mickeyb on November 01, 2015, 07:45:32 PM

Don't they in Brazil have to pay a VAT as well when they are buying bitcoins?

As far as I know, VAT-type tax is not applied to any bitcoins sales in Brazil. Prices have been around 4-8% above US prices during the first half of the month and equivalent to US prices over the second half.
I believe exchanges pay taxes only on top of the trading/deposit/withdraw fees they collect.

Quote from: jt byte on November 01, 2015, 07:57:02 PM

Buying someone who does not live in Brazil, do they still have to pay VAT or are free of charge?

No VAT.

No its not VAT. Vat is a Europe thing. That doesn't mean that rip off tax doesnt exist outside the Eurozone, what they call it does not matter. Brasil has a huge tax on sale of Bitcoin and it really kill the deal.

So the BTC price in Brazil is 30% higher. So its really not nice... and that does not mean sellers get 30% more, sellers get about the same as selling here and the tax take the 30%.