Number of Brazilian Companies Transacting With Digital Assets Increased Again in October

More than 41,000 firms conducted some form of operation with crypto assets, according to the local tax authority, Receita Federal.

AccessTimeIconDec 7, 2022 at 4:44 p.m. UTC
Updated Dec 7, 2022 at 5:09 p.m. UTC

This article is adapted from CoinDesk Brasil, a partnership between CoinDesk and InfoMoney, one of Brazil's leading financial news publications. Follow CoinDesk Brasil on Twitter.

For the first time in a single month, more than 41,000 Brazilian companies made transactions with digital assets, the South American country's tax authority Receita Federal has reported.

  • Understanding the Success of Spot Bitcoin ETFs in Brazil
    06:12
    Understanding the Success of Spot Bitcoin ETFs in Brazil
  • Understanding the Success of Spot Bitcoin ETFs in Brazil
    06:12
    Understanding the Success of Spot Bitcoin ETFs in Brazil
  • Most Influential 2023: The People Who Defined the Year in Crypto
    07:58
    Most Influential 2023: The People Who Defined the Year in Crypto
  • Hashdex CEO Discusses Brazil's 'Sophisticated' Market for Crypto
    01:15
    Hashdex CEO Discusses Brazil's 'Sophisticated' Market for Crypto
  • According to the report, 41,817 companies in Brazil declared operations made with digital assets in October, up from 40,161 firms in September and 37,741 in August.

    Brazilian companies began reporting transactions with crypto to the government in August 2019 after the passage of a new law that year.

    This article was translated by Andrés Engler, and edited by CoinDesk. The original Portuguese can be found here.

    Disclosure

    Tenga en cuenta que nuestra política de privacidad, condiciones de uso, cookies, y no vender mis datos personales ha sido actualizada.

    CoinDesk es un galardonado medio de comunicación que cubre la industria de la criptomoneda. Sus periodistas siguen un conjunto estricto de políticas editoriales. En noviembre de 2023, CoinDesk fue adquirido por el grupo Bullish, propietario de Bullish, un intercambio de activos digitales regulado. El grupo Bullish es mayoritariamente propiedad de Block.one; ambas empresas tienen intereses en una variedad de negocios de blockchain y activos digitales y tenencias significativas de activos digitales, incluido bitcoin. CoinDesk opera como una subsidiaria independiente con un comité editorial para proteger la independencia periodística. Los empleados de CoinDesk, incluidos los periodistas, pueden recibir opciones en el grupo Bullish como parte de su compensación.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.