The contrast is striking. In July, Brazilian residents purchased “only” 572 million dollars worth of crypto, according to the balance of payments report published on August 27 by the Central Bank. A month earlier, the counter peaked at 2.6 billion. Within thirty days, the plunge thus approaches 80%. Coincidence of calendar? Hard to believe: July marked the very first full month of application of the new governance and anti-money laundering control requirements imposed on local platforms.