The number of Brazilians who have invested in their currency. Financial institutions reported through their monthly reports that about 1.5 million people bought cryptocurrencies in September. The number of Brazilian crypto investors has increased since August, when just over 1.3 million people declared their crypto holdings.
Brazilian tax authorities registered almost 1.5 million crypto investors in September
Cryptocurrencies are becoming a popular investment target for Latin American portfolios. Collecting. The Brazilian tax authority RFB has provided figures corresponding to investments in cryptocurrencies declared by the country’s taxpayers on November 4, funds into cryptocurrencies. You have registered a new record for an investor to invest.
About 1.5 million citizens invested in cryptocurrencies during September, according to statements from independent owners and local exchanges received by the institution. It represents an increase of more than 10% compared to the number of taxpayers who declared their holdings of cryptocurrencies in the month.
But the growth is even more impressive when compared to the corresponding figures when only 424,524 cryptocurrency statements were received by institutions in September 2021. This means that the number of crypto investors has more than tripled in his one year, a sign of the popularity cryptocurrencies have achieved in the country.
USDT Highest Volume and
Markets with Highest Transactions atBTC recorded an increase, but in terms of the number of statements, the amount declared in September was lower than the amount registered in August. The number of cryptocurrencies held has reached levels not seen since August 2020. The report also said that one-fifth of transactions were completed by women.
Continuing the trend reported in the last few months, Bitcoin remains the most transacted cryptocurrency in the system, although dollar-pegged stablecoins USDTon one Tether still registered the largest trade. Amount of funds negotiated. With over 2 million Bitcoin transactions in September,USDT moved almost seven times as much money, although he concentrated on just over 100,000 transactions. Did.
Options have recently emerged to capitalize on this popularity, aiming to establish Tether as a viable payment and savings option in the country. This is the case with his Smartpay, which announced that it will offer USDTservice at over 24,000 ATMs, allowing Brazilians to convert their tokens into fiat currency.
What do you think of the numbers presented by the RFB regarding cryptocurrencies? Let us know in the comments section below.
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