Crypto Purchased by Brazilian Citizens Eclipsed $4B in 2021

Crypto Purchased by Brazilian Citizens Eclipsed $4B in 2021

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  1. tldr; According to data provided by Brazil’s central bank, residents have purchased $4.27B worth of cryptocurrencies in 2021. The uptake was driven largely by the unbanked and younger demographic, as well as speculation that Brazil could adopt bitcoin as legal tender like its South American sister nation, El Salvador. Regulation is being deliberated to make purchases and investments in digital assets easier and safer.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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