Brazilians Make 2.5 Million Crypto Transactions in Just 8 Weeks

Brazilians Make 2.5 Million Crypto Transactions in Just 8 Weeks

Cryptocurrency usage rates continue to soar in Brazil, despite the recent introduction of tax laws that require traders and investors to declare their Bitcoin and altcoin transactions. Per media outlet G1, Brazilian tax authority the Receita Federal (the Department of Federal Revenue) has released data about crypto tax declarations for the period August to September 2019.