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Brazil Crypto Purchases Plummet 80% in July to $572 Million

Demand for crypto assets fell sharply in July, as the Central Bank of Brazil’s numbers indicate that crypto investments reached only $572 million. This represents an 80% month-on-month decline as exchanges adapt to new a...

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Brazil Crypto Purchases Plummet 80% in July to $572 Million
Demand for crypto assets fell sharply in July, as the Central Bank of Brazil’s numbers indicate that crypto investments reached only $572 million. This represents an 80% month-on-month decline as exchanges adapt to new anti-money laundering rules announced by the central bank. Brazil’s Crypto Investments Recoil 80% as Regulatory Scrutiny Intensifies The Brazilian crypto industry […]

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This maps to the Institutional Adoption hub, so it can help confirm whether that theme is gaining breadth across the crypto news cycle.

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