The Brazilian Tax Agency (RFB) has recorded a record increase in the number of companies declaring the purchase of cryptocurrencies of any kind. In fact, data for August showed that more than 12,000 companies in Brazil hold cryptocurrency in their treasury.
Latin American countries are also known to be more interested in cryptocurrency investments due to specific problems in their economies. In particular, countries such as Venezuela and Argentina have hyperinflation rates. Similarly, countries such as Brazil, Chile, Colombia, Mexico and Peru are also struggling with similar problems, albeit on a smaller scale. In this context, there is a noticeable interest in the adoption of crypto assets among people living in these countries.
