Brazilian Tax Authority registers record number of cryptocurrency statements

The Brazilian tax authority (RBF) has reported that more than one million citizens presented their cryptocurrency statements in July. Specifically, 1,336,715 citizens presented their crypto information, the highest number of people since reporting became a requirement in 2019.

In comparison, in May 2022, only 365,000 citizens reported their cryptocurrency holdings and transactions to the RFB. This number rose to almost 800,000 in June, and then it also rose by more than 50% in July.