Brazil, the South American juggernaut, has solidified its position as a global leader in cryptocurrency adoption during June, with an impressive surge in both individual and corporate usage of bitcoin (BTC) and other digital assets. Recent data released by the Brazilian government highlights the nation’s robust adoption of cryptocurrencies, boosting its reputation as a thriving hub for crypto enthusiasts and companies alike.
Latest Data Shows Rise In Crypto Adoption
According to the latest report compiled by the Federal Revenue Service (FRB), June witnessed a remarkable engagement with cryptocurrencies in Brazil, as more than 3.2 million individuals and over 89,000 registered Brazilian businesses actively participated in crypto-related operations. The data demonstrates a staggering increase in crypto adoption, showcasing Brazil’s strong foothold in the evolving digital financial landscape.
Related Reading: Curve Finance…
