Brazilian Tax Authority RFB Registers New Record of Almost 1.5 Million Brazil...
The Brazilian Tax Authority RFB registered a new record in the number of Brazilians that invested in crypto, in the month of September. The institution informed through its monthly reports that almost 1.5 million people had purchased crypto during Sept. The number of crypto investors in Brazil increased since August when a little more than 1.3 million people declared holding crypto. Brazilian Tax Authority Registers Almost 1.5 Million Crypto Investors in September Cryptocurrency is gaining popularity as an investment choice for portfolios in Latam. The Brazilian Tax Authority RFB....
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The Brazilian tax authority (RFB) has revealed its numbers corresponding to the month of July regarding cryptocurrency statements. More than one million Brazilians have declared cryptocurrencies in the month, which constitutes a record in statements for the organization. Also, there was a rise in the number of women holding crypto for this period.
Tax Authority Reports More Than a Million Brazilians Invest in Crypto
The Brazilian tax authority (RBF) has reported that more than one million citizens presented their cryptocurrency statements in July. Specifically, 1,336,715 citizens....
Brazil registered its highest number of companies and institutions declaring ownership of cryptocurrencies in August. The numbers, which come directly from the Brazilian Tax Authority (RFB), show that more and more institutions are eager to purchase cryptocurrency, and also indicate that the most significant volumes are moved using Tether’s stablecoin usdt.
Institutions Are Holding More Crypto in Brazil
Institutions are attracted to holding crypto in Latam countries due to their economies’ specific problems. Recently, the Brazilian Tax Authority (RFB) registered a....
August figures released by Brazil's tax authority revealed over 12,000 companies have cryptocurrency holdings, the largest amount ever recorded. The number of companies holding cryptocurrency in Brazil has reached new record highs as of August, amid an increased trust in cryptocurrencies and high inflation rates.According to local media reports, the country’s taxation authority, Receita Federal do Brasil (RFB), also known as the Federal Revenue of Brazil, recorded 12,053 unique organizations declaring crypto on their balance sheets in August 2022.The number is a 6.1% increase from the....
A report has revealed that the total value of bitcoin trading among digital currency exchanges in Brazil has now surpassed that of gold spot trading on the Brazilian Securities, Commodities and Futures Exchange – the country’s securities market authority and regulator – during the first half of 2016. Bitcoin is increasingly seen as a store of value ‘asset’ by everyday investors around the world. China is seen as the most obvious example, with over 90% of the global bitcoin trading volume now coming from the most populated country in the world. With Brazil, another growing economy is....
Registered crypto users in Brazil are increasing at a consistently steady pace, despite the bear market rearing its ugly head. Based on latest data, the South American country has tallied more than 1 million registered crypto accounts for the month of July alone, adding to its nearly 35 million users, Brazilian tax authority Receita Federal […]