Market
New Pix transaction monitoring rule introduced by Brazilian government by end of 2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from the Brazilian government or the Federal Revenue Service
Story
Brazilian Government Revokes Pix Monitoring Rule After Nikolas Ferreira's Video Garners 267 Million Views
Jan 15, 2025, 07:57 PM
The Brazilian government has decided to revoke a rule by the Federal Revenue Service that would have expanded the monitoring of Pix transactions. This decision comes in response to widespread misinformation and public backlash, particularly following a viral video by Deputy Nikolas Ferreira (PL-MG) that criticized the government's move to monitor transactions over R$ 5,000 for individuals and R$ 15,000 for companies. The video, which garnered over 267 million views, was instrumental in highlighting public discontent. Finance Minister Fernando Haddad announced the revocation of the rule and plans to introduce a provisional measure (MP) to reinforce the principles of free use and banking secrecy surrounding Pix transactions. This move aims to counteract the spread of fake news and reassure the public that Pix will not be taxed.
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Similar markets
Yes, with thresholds • 25%
Other • 25%
No • 25%
Yes, without thresholds • 25%
Other • 25%
Increased transaction limits • 25%
Introduction of new monitoring rules • 25%
Permanent tax prohibition • 25%
Yes • 50%
No • 50%
No • 50%
Yes • 50%
Public backlash • 25%
Privacy issues • 25%
Misinformation concerns • 25%
Other • 25%
Economic Stability • 25%
Combating Tax Evasion • 25%
Privacy Concerns • 25%
Public Feedback • 25%
Increased Monitoring • 25%
Stronger Privacy Measures • 25%
Other Measures • 25%
No Change • 25%