PIX faced turbulent days after rumors about extra taxation and financial monitoring caused panic in the market. Scammers exploited the situation, leading to the suspension of the system in many businesses. With the government's announcement of revocation, trust should be restored, ensuring free and confidential transactions.
The free and practical nature that transformed PIX into one of the most beloved financial tools among Brazilians almost suffered a severe blow.
In recent days, a series of rumors and misinformation have called into question the use of this instant payment system, frightening merchants and consumers across the country.
Could this really be the end of PIX as we know it? A government measure caused so much panic that many establishments ended up suspending transactions via PIX, but the scenario changed drastically with an official announcement.
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What happened?
In a press conference held this Wednesday (15), the Secretary of the Federal Revenue, Robinson Barreirinhas, confirmed the repeal of the rule that provided for expanded monitoring of financial transactions.
The speech was made alongside the Minister of Finance, Fernando Haddad, who reinforced the government's commitment to maintaining free banking services and confidentiality when using PIX.
According to Barreirinhas, the decision to revoke the rule was motivated by a series of distortions and manipulations promoted by malicious people.
This false information created a climate of distrust that mainly harmed the poorest population.
“We will revoke the IRS act that changed values for monitoring financial transactions. Unscrupulous people distorted and manipulated the normative act, harming millions of people and causing panic.”, declared Barreirinhas.
The revocation announcement also seeks to protect the processing of a Provisional Measure (MP) that the government intends to sign, as highlighted by Fernando Haddad.
“We want to reinforce the principles of free PIX and banking secrecy”, said the minister.
The origin of the confusion
Earlier this year, the IRS announced that it would expand monitoring of financial transactions.
According to the original rule, financial institutions such as card operators, payment platforms and virtual banks would be required to report transactions of:
- R$ 5 thousand or more carried out by individuals;
- R$ 15 thousand or more made by legal entities.
This measure, although technical and aimed at combating tax evasion, ended up being distorted by rumors.
Scammers took advantage of the situation to spread fake news and commit fraud, such as sending fake bills with the Federal Revenue logo.
According to Haddad, these scams included undue charges to taxpayers, generating a large-scale negative impact.
Immediate market reaction
Retailers and consumers were the first to feel the impact of the distorted information. Many stores decided suspend the use of PIX, fearing reprisals or additional costs.
The confusion created a cascade effect, leading to a flood of complaints and questions about the system's security on social media.
However, with the official announcement of the revocation, it is expected that confidence in PIX will be quickly restored.
The government reiterated that the system will continue to be free for all Brazilians and that no measure will harm the confidentiality of transactions.
Government's next steps
With the repeal of the rule, the Federal Revenue Service plans to redesign the financial monitoring model to avoid new waves of misinformation.
One of the new Provisional Measure will be presented soon, bringing greater clarity and legal security to users and financial institutions.
Haddad also highlighted that the focus will be on strengthening tax legislation without compromising access to innovative digital tools like PIX.
“There is no intention of creating barriers that harm the population,” the minister assured.
A warning for the future
The situation highlighted the importance of combating misinformation, especially on issues involving the population's financial security.
Brazilians should be aware of scams and seek information only from reliable sources.
Even though the crisis has been contained, it exposes a bigger challenge: how can the government and financial institutions improve communication with society to avoid misinterpretations and protect the end user?
PIX at the center of discussions
Since its launch, PIX has revolutionized financial transactions in Brazil.
Its use has become so widespread that, today, the system is an essential part of the routine of millions of Brazilians.
Keeping it free and safe is a government commitment, and any measure that threatens these premises causes an immediate reaction in the market and in public opinion.
The question that remains is: How will the government ensure that PIX continues to be a successful example of the country's financial digitalization?
If it was all fake news, why did the government revoke it?
Where is the neutrality of journalism, it even seems like you want to defend this **** government.
The government still insists that it is about the pix being taxed that is fake, in fact it is everything that enters the account be it pix, money, ted, doc, it doesn't matter if it exceeds the stipulated limit the lion will want his share!
If you have your salary and already deduct income tax at source and do odd jobs, the lion wants the difference!