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.
Although the article talks about crypto adoption in general, I think that this in general points to a growth in the adoption of Bitcoin in the Brazilian territory, being one of the countries where adoption is increasing the most, I guess that the low regulatory pressure of the country has something to do with such adoption as well.