Crypto mining in Brazil

Is crypto mining legal in Brazil

Crypto mining is legal in Brazil. There is no statute that prohibits mining bitcoin or other proof of work assets, and crypto is recognised as a virtual asset under Law 14.478/2022, though it is not legal tender, as of February 2026. There is also no dedicated mining licence regime. Miners instead operate under general rules: the tax treatment set by Receita Federal do Brasil (RFB), ordinary business and energy regulation if you run at scale, and the broader virtual asset framework supervised by Banco Central do Brasil (BCB) where a provider offers services to others.

Mining for yourself is not a virtual asset service in itself. The BCB authorisation regime that took effect on 2 February 2026 targets exchanges, custodians, brokers, and intermediaries that provide services to third parties. A solo miner who only mines and holds, or sells through an authorised exchange, is generally outside that authorisation perimeter, although selling mined coins still happens through regulated platforms and is taxed.

How mining is taxed in Brazil

Not tax advice, verify before filing. Receita Federal generally treats newly mined coins as ordinary income at their fair market value on the day you receive them. For an individual mining at small scale, this is typically reported as personal income under the progressive personal income tax scale, which runs up to 27.5 percent. If you mine regularly or with clear profit intent, RFB may treat the activity as a business, which carries different reporting and accounting obligations. When you later sell the coins, any change in value from the receipt date is a separate capital gain, subject to the R$35,000 monthly exemption and progressive rates from 15 to 22.5 percent above that, as of February 2026.

Reporting your mining

Income from mining should be reflected in your tax filings, and disposals of mined coins follow the same capital gains reporting as any other crypto. If you mine and sell off exchange or through foreign or peer to peer channels, Normative Instruction 1.888/2019 requires you to self report transactions above R$30,000 in a month to Receita Federal. Keeping dated records of coins received and sold makes this manageable. See the Brazil tax page for the full mechanics.

Practical and energy considerations

Brazil has no special crypto mining subsidy and no specific mining ban, so the main practical factors are commercial: the cost of electricity, equipment, and cooling, and ordinary business registration and consumer rules if you operate at scale. Energy supply and tariffs are governed by general regulation rather than crypto specific law. Because the economics depend heavily on local energy costs and these vary, confirm your position with a qualified local professional before committing capital. This page is information, not investment or business advice.

Regulator and sources

• Receita Federal do Brasil (RFB) the treatment of mined coins as ordinary income on receipt and the capital gains treatment of later disposals, plus Normative Instruction 1.888/2019 reporting, current to June 2026.
• Banco Central do Brasil (BCB) the virtual asset service provider authorisation framework effective 2 February 2026, which applies to providers serving third parties rather than to solo miners.
• Law 14.478/2022 the legal framework for virtual assets that recognises crypto as a virtual asset in Brazil.

Frequently asked questions

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