Cryptocurrencies have attracted more investors than the Stock Exchange in Brazil
A survey by the Locomotiva Institute commissioned by Binance revealed that 42% of Brazilian investors own cryptocurrencies, slightly surpassing those who invest in stocks on the Stock Exchange (41%).
This increase in interest in digital assets highlights the potential of blockchain technology in Brazil. Brazilians are expanding the use of cryptocurrencies, adopted as a payment method on many shopping sites and in the entertainment sector, such as casinos.
The trend of growth for cryptocurrencies in Brazil is evident, with transactions involving crypto assets reaching billions of reais in recent years. Brazil ranks seventh in the Global Crypto Adoption Index, reflecting the interest of small investors and large institutions.
The search for high returns and the liquidity of cryptocurrencies are important attractions. Exchanges operate 24 hours a day, allowing trading at any time, and the independence from the traditional banking system is seen as an advantage.
Despite the lack of strict regulation, the Cryptocurrency Framework of 2022 established guidelines for the sector, aiming for greater legal security. The Central Bank and the Securities and Exchange Commission monitor operations to prevent fraud.
The Brazilian government is also investing in blockchain technologies to increase transparency and efficiency in public services.
Initiatives like the Blockchain Brazil Network promote the integration of public projects, and some cities are considering developing local digital currencies to facilitate trade and financial inclusion.
Source: Correio do Brasil
