2023-08-13 08:04:00
The largest country in South America, Brazil, further strengthened its position among the leading countries in the crypto sector in June. According to recent data from the Brazilian government, the adoption and use of cryptocurrencies in the country is expanding at an incredible rate. It’s no wonder that many people talk regarding Brazil as one of the centers of the crypto world. According to data from the Brazilian Federal Tax Office (FRB) in June, 3.2 million individuals and 89,000 registered Brazilian businesses were actively involved in crypto transactions. Brazilian crypto regulation is at the forefront of the world It is not even the number itself that is gross, but the fact that in four months the number of private crypto users increased by 60% and reached 3,217,633 people in June. In April, we were only talking regarding 2,016,684 people. Regarding companies, the number of 89,000 in June is a 6% increase compared to the number of 83,851 in May. And if we add up the numbers, we can see that there were 3.3 million Brazilian users of Bitcoin and other cryptocurrencies in June. Such a number has not been registered in the country since 2019, when Brazilian crypto regulation came into effect. In the first half of 2023, an average of 1,905,435 Brazilians made transactions per month. This is a 152% increase compared to the same period last year. Examining the same period for companies, a 204% increase was observed between 2022 and 2023. The Brazilian crypto regulation currently in force empowered the Central Bank of Brazil to regulate and approve the processes taking place in the ecosystem of virtual assets, which only strengthened the development of a stable and supportive environment. And this is not just a Brazilian campaign, as independent analysis companies also see that Brazil is at the forefront of global cryptocurrency adoption. Chainalysis, for example, sees Brazil as the best Latin American country in terms of cryptocurrency adoption and ranks them in seventh place globally. And Brazilian people themselves are trying to take advantage of the opportunities, just think of the Bitcoin Beach Brazil or Bitcoin Mountain communities.
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