Brazilian Registration Announces Record Number of Institutions Holding Cryptocurrencies

In August, Brazil reportedly registered the highest number of companies and institutions reporting possession of cryptocurrencies. These figures come directly from the Brazilian Revenue Service (RFB), indicating that more and more institutions are eager to buy cryptocurrencies. However, the most significant amount is the transfer of usdt, the stablecoin of Tether. This metric is up from the number of companies that announced they own cryptocurrencies in July (11,360). However, individual statements did slow compared to July, with 35,000 fewer statements in August. However, this metric remains high, with over 1.3 million individuals declaring that they have some cryptocurrency as part of their holdings.