According to the latest report from cryptocurrency exchange Bitso, Latin America is experiencing a "breakthrough" year for cryptocurrency adoption. Coinchange regulatory report data shows that cryptocurrency usage in the region will increase by 116% in 2024 and another 65% in the first half of 2025, and the total number of users has now exceeded 57 million.
This significant growth is mainly due to improved regulatory environments, growing market maturity, and aggressive regulatory initiatives in the US and Europe. Brazil became a regional regulatory leader with Law 14.478, enacted in 2022, establishing a comprehensive crypto framework; Chile laid the foundation for digital assets with the Fintech Law of 2023; and Mexico's Fintech Law of 2018 was one of the first regulatory frameworks in the world to officially recognize virtual assets.
Felipe Vallejo, Chief Corporate Affairs Officer at Bitso, said that this is a critical time to build a modern and flexible regulatory framework to drive innovation, protect users and strengthen the digital financial ecosystem. Analysts predict that Latin America is fast becoming a strategic hub for financial innovation and digital asset solutions globally.
Cryptocurrency Adoption Surges in Latin America, Users Break 57 million
2025-11-20 02:50:20
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