CoinVoice has learned from Cointelegraph that according to data released by the Central Bank of Brazil on October 29 and local media reports, Brazil's digital asset imports reached $1.4 billion in September, a 40% increase from approximately $1 billion in the same period of 2023.
Despite the surge in imports, digital asset exports remained relatively stable, totaling only $4.4 million in September 2024, compared to $4.5 million in the same period last year. Thus, the country's net crypto asset transactions brought in $1.385 billion in remittances, up from $987 million in September 2023.
The report from the Central Bank of Brazil includes trading of cryptocurrencies and stablecoins, with the latest transactions accounting for 70% of all trades. This data reflects an increase in crypto activity in 2024 compared to 2023. From January to September, Brazil's total cryptocurrency imports amounted to $13.7 billion, a significant increase from $8.4 billion in the same period last year. Year-to-date, net import volumes have risen by 60%. [Original Link]
