President of Brazil FIESP: New tax reform will force citizens to use cryptocurrencies to evade taxes

The president of the Brazilian Federation of Trade Unions (FIESP), the main trade association of Brazil, said that Brazilians may use cryptocurrencies to evade taxes. FiesP President Paulo Skaf expressed concern about the recent tax reform proposal by Brazilian President Jair Bolsonaro. He warned that the new tax system may force citizens to use cryptocurrencies such as bitcoin to evade taxes. In an interview, he criticized the upcoming tax reform. "This will naturally lead to the transfer of other forms of payment, such as cryptocurrencies. It would be unfair: people who use cryptocurrencies do not need to pay taxes, and Those who trade with Real are paying taxes."