According to Odaily Planet Daily, Brazil considers cryptocurrencies purchased from foreign cryptocurrency exchanges as imports, which breaks Brazil's record and adds some weight to Brazil's trade balance. In the past 12 months, cryptocurrency purchases reached $14.84 billion, compared to $12.3 billion last year. Similarly, cryptocurrency imports reached $4.69 billion in the first quarter of 2024, an increase of 118% compared to the first quarter of 2023. Cryptocurrency purchases rose to $1.751 billion in March.