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Central Bank: Brazil has US$50 billion in crypto assets, triple holdings in U.S. stocks

RIO DE JANEIRO, BRAZIL - The month of May marked the peak of cryptocurrency purchases by Brazilians, with a volume of R$4.1 billion (US$739 million), according to the country's Central Bank. The figure has been dropping since then, with R$3.8 billion in June, and R$3.2 billion in July, albeit still higher than in February and March.

Making an estimate, total digital assets held by Brazilians may amount up to R$276 billion, compared to the R$88 billion held in U.S. stocks, said the Central Bank's monetary policy director Bruno Serra . . .

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