Brazil Crypto Purchases Drop 80% in July Amid New AML Rules

Brazil’s crypto market experienced a sharp contraction in July 2026, with purchases falling to $572 million – an 80% drop from the previous month. The decline coincides with the rollout of new anti‑money‑laundering (AML) and governance rules by the Central Bank of Brazil.

Regulatory Changes Trigger Market Pullback

The Central Bank’s statistics department attributes the slowdown to an adaptation period for major cryptocurrency exchanges facing intensified supervision. New AML controls and governance requirements have reduced foreign exchange flows linked to digital assets.

Month‑on‑Month and Year‑on‑Year Comparisons

• July 2026 crypto purchases: $572 million
• June 2026 purchases: $2.6 billion (≈ 80% higher)
• July 2025 purchases: $1.4 billion (≈ 60% higher than July 2026)

Stablecoins Dominate Reported Transactions

The Central Bank noted that most of the reported July transactions involved stablecoins, which it classifies as crypto assets with corresponding liabilities.

Annual Outlook Remains Positive

Despite the July dip, year‑to‑date crypto investments in Brazil reached $15.25 billion, more than double the $7.60 billion recorded for the same period in 2025.