Brazil Crypto Purchases Plummet 80% in July to $572 Million

Demand for crypto assets fell sharply in July, as the Central Bank of Brazil’s numbers indicate that crypto investments reached only $572 million. This represents an 80% month-on-month decline as exchanges adapt to new anti-money laundering rules announced by the central bank. Brazil’s Crypto Investments Recoil 80% as Regulatory Scrutiny Intensifies The Brazilian crypto industry […]

Source: https://news.bitcoin.com/crypto-news/brazil-crypto-purchases-plummet-80-in-july-to-572-million/