Odaily News Brazil’s digital asset imports reached $1.4 billion in September, up 40% from about $1 billion in the same period of 2023, according to data released by the Central Bank of Brazil on October 29 and local media reports. While imports have surged, digital asset exports have remained relatively stable, totaling just $44 million in September 2024, compared to $45 million in the same period last year. As a result, the country’s net crypto asset transactions brought in $1.385 billion in remittances, up from $987 million in September 2023. The Central Bank of Brazil’s report includes transactions in cryptocurrencies and stablecoins, with the latest transactions accounting for 70% of all transactions. The data reflects an increase in crypto activity in 2024 compared to 2023. From January to September, Brazil’s cryptocurrency imports totaled $13.7 billion, a sharp increase from $8.4 billion in the same period last year. So far this year, net imports have increased by 60%. Note: Brazilian central bank data uses imports to refer to goods and services entering the country, unlike inflows, which refer to capital flows covering a range of transactions. (Cointelegraph)