Brazil Registers Record Number of Institutions Declaring Cryptocurrency Holdings

Bitcoin.com | Oct 9, 2022 at 12:00 PM
  • Brazil registered its highest number of companies and institutions declaring ownership of cryptocurrencies in August.
  • However, this indicator is still high, with more than 1,300,000 individuals declaring they have some kind of crypto as part of their assets.
  • Each month the Brazilian Tax Authority (RFB) informs the market about movements in the number of mandatory statements regarding the ownership of crypto to give a glimpse into the evolution and direction of the market.