Brazil's new Finance Minister Dario Durigan has postponed the public consultation on imposing the Financial Operations Tax (IOF) on crypto transactions. The proposal initially aimed to classify certain crypto transactions as foreign exchange operations, with tax rates reaching up to 3.5%. However, due to opposition from industry organizations and the desire to avoid conflicts with Congress during an election year, the discussion has been put on hold. Industry insiders believe that classifying stablecoins as foreign exchange instruments is legally contentious. (CoinDesk)