The number of cryptocurrency investors in Brazil almost doubled during the third quarter of 2022, according to Federal Revenue data published last week. September closed with 1,490,618 taxpayers declaring participating in digital asset transactions, compared to the 794,981 reported in the second quarter, ending June 30th.
According to the tax agency’s revenue survey, as cited by Infomoney.com.br, between August and September there was a 14.03% increase in the number of crypto investors, while the year-on-year tally marked growth 3.5 times larger than in September 2021. The metric means that the number of taxpayers that declared cryptocurrency purchases in the region increased by more than 1 million in 2022.
A Multitude of Corporate Investors
In a similar trend, corporate investors have also doubled in Brazil over the last year. During the period, the number of companies with investments in digital…
