• Latest
  • Trending
Brazil’s Central Bank Governor Expects Crypto Investment in Country to Surpass Billion

Brazil’s Central Bank Governor Expects Crypto Investment in Country to Surpass Billion

October 18, 2021
Could Legendary Hip Hop Platform DatPiff Serve as a Springboard for ‘Music NFTs’?

Could Legendary Hip Hop Platform DatPiff Serve as a Springboard for ‘Music NFTs’?

March 17, 2023
BitKeep and Bitget Join Forces to host the Sui Futures Airdrop; Get Ready for the Sui Mainnet!

BitKeep and Bitget Join Forces to host the Sui Futures Airdrop; Get Ready for the Sui Mainnet!

March 17, 2023
Microsoft reportedly testing Edge browser web3 wallet integration

Microsoft reportedly testing Edge browser web3 wallet integration

March 17, 2023
Ethereum Classic and Litecoin Price Predictions Falling As Investors Look to Metacade’s Presale to Maximize Investments

Ethereum Classic and Litecoin Price Predictions Falling As Investors Look to Metacade’s Presale to Maximize Investments

March 17, 2023
Microsoft’s Edge Browser to Add Support for Native Crypto Wallet

Microsoft’s Edge Browser to Add Support for Native Crypto Wallet

March 17, 2023
Baron Davis Launches SLiC, a Web3 Platform for Athlete Creators and Fans

Baron Davis Launches SLiC, a Web3 Platform for Athlete Creators and Fans

March 17, 2023
The Surprising Truth About Real Estate Investing: Why Stocks and Crypto May Be a Better Option | by Lifestyle Maniacs | The Capital Platform | Mar, 2023

The Surprising Truth About Real Estate Investing: Why Stocks and Crypto May Be a Better Option | by Lifestyle Maniacs | The Capital Platform | Mar, 2023

March 17, 2023
FTX debtors report $11.6B in claims, $4.8B in assets with many crypto holdings ‘undetermined’

FTX debtors report $11.6B in claims, $4.8B in assets with many crypto holdings ‘undetermined’

March 17, 2023
PREMA is introducing a “Web3 SNS” system to enhance the Web3 social networking and gaming experience

PREMA is introducing a “Web3 SNS” system to enhance the Web3 social networking and gaming experience

March 17, 2023
  • Privacy Policy
Friday, March 17, 2023
Mount Rushmore Crypto
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
Mount Rushmore Crypto
No Result
View All Result
Home Crypto Technical Analysis

Brazil’s Central Bank Governor Expects Crypto Investment in Country to Surpass Billion

J_News by J_News
October 18, 2021
in Crypto Technical Analysis, Top News
0
Brazil’s Central Bank Governor Expects Crypto Investment in Country to Surpass Billion
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter


Trading & Investing

Brazil’s Central Bank Governor Expects Crypto Investment in Country to Surpass $9 Billion

  • AnTy
  • October 18, 2021

Brazilians have already bought more than $4 billion in crypto this year up to August, as per the central bank report.

The total value of cryptocurrencies purchased by Brazilians this year has exceeded $4 billion, according to the data released by the Central Bank of Brazil in a report last week.

A total of nearly R$ 23.3 billion, $4.270 billion has been traded from January to August-end. In August, the purchase value was $496 million.

In August, Roberto Campos Neto, the president of Brazil’s central bank, also said that they need to pay attention to cryptocurrencies as they are here to stay. “We need to reshape the world of regulation,” he added.

The value of crypto assets bought by Brazilians reached its peak in May at $756 million. That month, the Brazilian market broke a record by trading R$ 826 million ($150 million) in Bitcoin in a single day.

But since then, they saw a drop in June and July at $695 million and $583 million, respectively. Still, these numbers have been much higher than the figures reported earlier this year in February at $386 million and $357 million in March.

image1

Last week, Deputy Governor for Monetary Policy at the central bank, Bruno Serra, said the Brazilians investment in crypto assets abroad is potentially three times greater than in American shares. He further said that there is a potential for this investment in crypto to reach R$ 50 billion (more than $9 billion in USD).

Serra also believes that people’s interest in cryptocurrencies is unlikely to fade anytime soon.

Earlier this month, as we reported, a bill advanced through Brazil’s House of Representatives, which has been in development since 2015, to regulate cryptocurrency in the country.

The bill calls for creating clearer definitions of crypto, will require virtual asset service providers to register, and further aims to crack down on crypto crimes by imposing higher fines and harsher prison sentences.

After being approved by a special committee of the Chamber of Deputies, the bill is currently in the hands of the Chamber’s Plenary, and once green-lit by them, it will advance to the Senate to be discussed before finally going to the president for a final nod.

AnTy

AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.



Source link

Related articles

Could Legendary Hip Hop Platform DatPiff Serve as a Springboard for ‘Music NFTs’?

Could Legendary Hip Hop Platform DatPiff Serve as a Springboard for ‘Music NFTs’?

March 17, 2023
BitKeep and Bitget Join Forces to host the Sui Futures Airdrop; Get Ready for the Sui Mainnet!

BitKeep and Bitget Join Forces to host the Sui Futures Airdrop; Get Ready for the Sui Mainnet!

March 17, 2023
ShareTweetShareShare
Previous Post

Rosengren claims CBDC development won’t involve blockchain

Next Post

Crypto 2022: Policy Week

Related Posts

Could Legendary Hip Hop Platform DatPiff Serve as a Springboard for ‘Music NFTs’?

Could Legendary Hip Hop Platform DatPiff Serve as a Springboard for ‘Music NFTs’?

by J_News
March 17, 2023
0

Since its inception in 2005, DatPiff has been a cornerstone of mixtape culture, hosting exclusive releases from the likes of...

BitKeep and Bitget Join Forces to host the Sui Futures Airdrop; Get Ready for the Sui Mainnet!

BitKeep and Bitget Join Forces to host the Sui Futures Airdrop; Get Ready for the Sui Mainnet!

by J_News
March 17, 2023
0

Sui and Aptos are both highly anticipated layer 1 blockchains that utilize the Move programming language, which originated from Facebook’s...

Microsoft reportedly testing Edge browser web3 wallet integration

Microsoft reportedly testing Edge browser web3 wallet integration

by J_News
March 17, 2023
0

Microsoft is reportedly working on integrating a crypto and nonfungible token (NFT) friendly Web3 wallet into its Edge web browser....

Ethereum Classic and Litecoin Price Predictions Falling As Investors Look to Metacade’s Presale to Maximize Investments

Ethereum Classic and Litecoin Price Predictions Falling As Investors Look to Metacade’s Presale to Maximize Investments

by J_News
March 17, 2023
0

For those involved in Web3 and watching the markets, it can sometimes be difficult to appreciate the huge scale of...

Microsoft’s Edge Browser to Add Support for Native Crypto Wallet

Microsoft’s Edge Browser to Add Support for Native Crypto Wallet

by J_News
March 17, 2023
0

Alex Dovbnya Tech giant Microsoft is reportedly developing a built-in crypto wallet for its Edge browser Microsoft is reportedly testing...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store
  • Crypto Vouchers
  • About Us
  • What Cryptocurrency Is and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

Top News

The 7 Best New ICOs To Buy in 2023

The Economic Crisis of 2023. The Cause and the Effects | by Opal A Roszell | The Capital | Nov, 2021

VIVERSE Partners With ZombieClub to Create New Web 3.0 Metaverse Experiences

© 2021 mtrushmorecrypto - Crypto Related News Blog

No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT