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Brazil Registers Over 12K Companies Declaring Crypto Holdings

Brazil Registers Over 12K Companies Declaring Crypto Holdings
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A recent study conducted by the Brazilian Tax Authority (RFB) revealed that over 12,000 Brazilian companies have crypto assets as part of their treasury.

The news came a few weeks after the Brazilian CVM demanded amendments to the pending crypto bill.

According to the RFB’s August report, the number of firms that have adopted crypto grew by 6.1% since July. In fact, many companies have entered the crypto scene since August. For example, investment firm XP Inc. recently launched a crypto trading platform in collaboration with BitGo and Nasdaq.

On the other hand, the number of individuals who have taken up crypto has slowed down. Interestingly, the number still remains above the 1.3M mark. This indicates that cryptocurrencies are being widely adopted in Brazil. Similarly, Crypto Pulse’s September report claimed that over 77% of Brazilians trust crypto.

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RFB's study also revealed that Tether (USDT) is the most popular stablecoin in Brazil. Over $1.4B worth of USDT was moved in August alone. 

It is worth noting that the number of transactions made using Bitcoin was higher than USDT. Moreover, RFB's report added that Bitcoin remains the most popular cryptocurrency in Brazil.

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Ayush Pande
Written by:
Ayush Pande
Co-Founder & CEO

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author
Ayush Pande
Reviewed by:
Ayush Pande
Writer

Brazil Registers Over 12K Companies Declaring Crypto Holdings

A recent study conducted by the Brazilian Tax Authority (RFB) revealed that over 12,000 Brazilian companies have crypto assets as part of their treasury.
Custody
Dot
April 7, 2025
Ayush Pande

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

in
TABLE OF CONTENTS
Jair Bolsonaro; Photo Source: Swarajya

A recent study conducted by the Brazilian Tax Authority (RFB) revealed that over 12,000 Brazilian companies have crypto assets as part of their treasury.

The news came a few weeks after the Brazilian CVM demanded amendments to the pending crypto bill.

According to the RFB’s August report, the number of firms that have adopted crypto grew by 6.1% since July. In fact, many companies have entered the crypto scene since August. For example, investment firm XP Inc. recently launched a crypto trading platform in collaboration with BitGo and Nasdaq.

On the other hand, the number of individuals who have taken up crypto has slowed down. Interestingly, the number still remains above the 1.3M mark. This indicates that cryptocurrencies are being widely adopted in Brazil. Similarly, Crypto Pulse’s September report claimed that over 77% of Brazilians trust crypto.

‍



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


‍

RFB's study also revealed that Tether (USDT) is the most popular stablecoin in Brazil. Over $1.4B worth of USDT was moved in August alone. 

It is worth noting that the number of transactions made using Bitcoin was higher than USDT. Moreover, RFB's report added that Bitcoin remains the most popular cryptocurrency in Brazil.

Brazil
BitGo
Nasdaq
USDT
Crypto Pulse
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Custody
October 10, 2022

Brazil Registers Over 12K Companies Declaring Crypto Holdings

HomeCustody
Blog Post
Contents
Jair Bolsonaro; Photo Source: Swarajya

A recent study conducted by the Brazilian Tax Authority (RFB) revealed that over 12,000 Brazilian companies have crypto assets as part of their treasury.

The news came a few weeks after the Brazilian CVM demanded amendments to the pending crypto bill.

According to the RFB’s August report, the number of firms that have adopted crypto grew by 6.1% since July. In fact, many companies have entered the crypto scene since August. For example, investment firm XP Inc. recently launched a crypto trading platform in collaboration with BitGo and Nasdaq.

On the other hand, the number of individuals who have taken up crypto has slowed down. Interestingly, the number still remains above the 1.3M mark. This indicates that cryptocurrencies are being widely adopted in Brazil. Similarly, Crypto Pulse’s September report claimed that over 77% of Brazilians trust crypto.

‍



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


‍

RFB's study also revealed that Tether (USDT) is the most popular stablecoin in Brazil. Over $1.4B worth of USDT was moved in August alone. 

It is worth noting that the number of transactions made using Bitcoin was higher than USDT. Moreover, RFB's report added that Bitcoin remains the most popular cryptocurrency in Brazil.

Brazil
BitGo
Nasdaq
USDT
Crypto Pulse
Ayush Pande

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

in

A recent study conducted by the Brazilian Tax Authority (RFB) revealed that over 12,000 Brazilian companies have crypto assets as part of their treasury.

The news came a few weeks after the Brazilian CVM demanded amendments to the pending crypto bill.

According to the RFB’s August report, the number of firms that have adopted crypto grew by 6.1% since July. In fact, many companies have entered the crypto scene since August. For example, investment firm XP Inc. recently launched a crypto trading platform in collaboration with BitGo and Nasdaq.

On the other hand, the number of individuals who have taken up crypto has slowed down. Interestingly, the number still remains above the 1.3M mark. This indicates that cryptocurrencies are being widely adopted in Brazil. Similarly, Crypto Pulse’s September report claimed that over 77% of Brazilians trust crypto.

‍



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


‍

RFB's study also revealed that Tether (USDT) is the most popular stablecoin in Brazil. Over $1.4B worth of USDT was moved in August alone. 

It is worth noting that the number of transactions made using Bitcoin was higher than USDT. Moreover, RFB's report added that Bitcoin remains the most popular cryptocurrency in Brazil.

Written by
Ayush Pande
Brazil
BitGo
Nasdaq
USDT
Crypto Pulse

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