Report: Bitcoin Trading is Exceeding Gold Trading in Brazil

Report: Bitcoin Trading is Exceeding Gold Trading in Brazil

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A news has suggested that a sum value of bitcoin trade among digital banking exchanges in Brazil has now surpassed that of bullion mark trade on a Brazilian Securities, Commodities and Futures Exchange – a country’s bonds marketplace management and regulator – during a initial half of 2016.

Bitcoin is increasingly seen as a store of value ‘asset’ by bland investors around a world. China is seen as a many apparent example, with over 90% of a tellurian bitcoin trade volume now entrance from a many populated nation in a world. With Brazil, another flourishing economy is clearly following suit, with an augmenting ardour for a cryptocurrency.

A report by non-profit org and announcement FEE, citing Brazilian bitcoin information apparatus BitValor has suggested that bitcoin trade among Brazilian cryptocurrency exchanges scaled over R$ 164 million (~US$47 million). In that period, bullion mark contracts (specifically for 250g and 10g homogeneous bars) on a Securities, Commodities, and Futures Exchange, reached turn R$153 million (~US$44 mi). Bitcoin trade is leading that of bullion in Brazil, by



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