Odaily Planet Daily News According to data released by the Central Bank of Brazil on October 29 and local media reports, Brazil's digital asset import value reached $1.4 billion in September, a 40% increase from approximately $1 billion in the same period of 2023. While imports surged, digital asset exports remained relatively stable, totaling only $44 million in September 2024, compared to $45 million in the same period last year. As a result, the country's net cryptocurrency transactions brought in $1.385 billion in remittances, up from $987 million in September 2023. The Central Bank of Brazil's report includes transactions of cryptocurrencies and stablecoins, with the latest transactions accounting for 70% of all transactions. This data reflects an increase in cryptocurrency activity in 2024 compared to 2023. From January to September, Brazil's total cryptocurrency imports amounted to $13.7 billion, significantly up from $8.4 billion in the same period last year. So far this year, net imports have increased by 60%. Note: The Central Bank of Brazil uses imports to refer to goods and services entering the country, which is different from inflows, which refer to capital flows covering a range of transactions. (Cointelegraph)