Share this article
BTC
$87,185.79
+
2.44%ETH
$1,573.54
-
1.01%USDT
$0.9999
+
0.03%XRP
$2.0804
+
0.01%BNB
$595.76
+
0.93%SOL
$136.60
-
0.46%USDC
$0.9998
+
0.02%DOGE
$0.1577
+
1.14%TRX
$0.2456
-
0.26%ADA
$0.6204
-
0.11%LINK
$13.10
-
2.30%LEO
$9.1405
-
1.91%AVAX
$20.03
+
2.29%XLM
$0.2535
+
3.68%SHIB
$0.0₄1238
-
0.29%TON
$2.8921
-
3.73%HBAR
$0.1699
+
1.36%SUI
$2.1941
+
3.60%BCH
$345.38
+
2.88%HYPE
$17.99
+
1.29%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Record Number of Brazilian Companies Bought Crypto in August
According to the South American country's tax authority, 12,053 companies reported purchasing crypto during the month.
This article is adapted from CoinDesk Brasil, a partnership between CoinDesk and InfoMoney, one of Brazil's leading financial news publications. Follow CoinDesk Brasil on Twitter.
For the first time in a single month, more than 12,000 Brazilian companies made crypto purchases in August, the South American country's tax authority, Receita Federal, has reported.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Receita Federal said that 12,053 companies declared crypto purchases in August, surpassing the previous record in June when 11,797 firms bought digital assets.
August figures are also five times higher than those of August 2019, when companies began reporting their crypto movements to the tax authority.
Receita Federal added that Brazilian companies collectively hold 10.9 billion Brazilian reals in crypto, equivalent to $2.1 billion.
This article was translated by Andrés Engler, and edited by CoinDesk. The original Portuguese can be found here.
Read more: Brazil Exceeds 1M Registered Crypto Users in July for First Time as Number Grows 68% in a Month
Paulo Alves
Paulo Alves is a crypto editor at InfoMoney, a leading financial news publication in Brazil. His work has been featured in CNN Brazil, TechTudo and BeInCrypto Brazil, among other media. He graduated in Journalism from University of Amazon and holds a Digital Communications degree from University of São Paulo.
