Brazil is seemingly witnessing a boom in institutional crypto investors. Presently, a total of 12,053 organisations have declared holding cryptocurrency in Brazil. This marks a six percent hike from the 11,360 companies that had declared holding crypto around July this year.
Brazil is seemingly witnessing a boom in institutional crypto investors, latest findings by the country’s taxation authority, Receita Federal do Brasil (RFB) has hinted via its latest findings. Presently, a total of 12,053 organisations have declared holding cryptocurrency in Brazil. This marks a six percent hike from the 11,360 companies that had declared holding crypto around July this year. The development has come to light at a time when Brazil’s inflation rate hit a 26-year high of 12.
