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.
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.
By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our terms of services and privacy policy.

Read Full Story: https://www.coindesk.com/business/2022/10/10/record-number-of-brazilian-compa...

Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.