Brazil's $318 billion crypto market is both a growth story and a money laundering warning sign

Chainalysis reports Brazil processed $318 billion in on-chain crypto volume between July 2024 and June 2025, about a third of all Latin American activity, while flagging that 80% of illicit flows run through just five deposit addresses. New Banco Central regulations took effect in February 2026, but the window to act on that concentration is narrowing fast.