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Reuters

Reuters

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World

Brazil eyes revisiting fintech reporting rules amid money laundering concerns

Reuters
Summary
Nutrition label

81% Informative

Brazil will eventually need to resume discussions on requiring fintechs to report transaction values to the tax revenue service, agency's head says.

Robinson Barreirinhas cited strong indications that lesser-known payment institutions are being used for money laundering.

The government suspended such plans announced last year following a strong public backlash.

Opposition to the measure framed the measure as a deliberate attempt to tax workers.

VR Score

91

Informative language

97

Neutral language

67

Article tone

formal

Language

English

Language complexity

77

Offensive language

possibly offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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