Brazil to Treat Foreign Crypto Purchases from Crypto Exchanges as Imports
Brazil will consider purchasing cryptocurrency from foreign exchanges as imports, breaking its previous record and adding weight to Brazil's trade balance. In the past 12 months, cryptocurrency purchases have reached $14.84 billion, up from $12.3 billion last year. Similarly, in the first quarter of 2024, cryptocurrency imports reached $4.69 billion, a 118% increase from the first quarter of 2023.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CIO of a Giant Investment Company Reveals His Prediction for the Level of Bitcoin Price in the Near Future
Bitwise senior manager Matt Hougan shared his thoughts on the future of Bitcoin price in his statement.
US spot Bitcoin ETFs log highest inflow day since June, two-month high in total value
Following a seven trading day streak of inflows and bolstered by the rising price of Bitcoin, the total assets held by US-based spot Bitcoin ETFs has reached a two-month high.Friday also marked the largest inflows to the funds since early June, a nearly four-month high.
FBI seizes $6M from crypto scammers targeting US citizens