The Brazilian tax authority revealed growth in the volume of cryptocurrency transactions, with $2.85 billion dollars being transacted during January.
Numbers from the Brazilian tax authority indicate that the cryptocurrency market experienced a resurgence in January, with trading increasing more than 10% compared to December. Tether’s usdt is still the currency that moves the most volume, a reality related to OTC trades, according to market analysts.The Brazilian tax authority, which receives reports of the movements of cryptocurrency by law for tax collecting purposes, released its crypto volume reports corresponding to January.
When compared to December, the market experienced growth of more than 10%, recovering after events that have been affecting the cryptocurrency sector worldwide, like the bankruptcy of several exchanges and crypto lenders such as FTX, Celsius, and Blockfi. The numbers of companies and individuals purchasing crypto was average, stronger than December’s records, but falling compared to what was reported during 2022 when the country
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