RATE Group | Latin America’s Cryptocurrency Market Is Soaring – Brink – The Edge of Risk
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Latin America’s Cryptocurrency Market Is Soaring – Brink – The Edge of Risk

27 Jan Latin America’s Cryptocurrency Market Is Soaring – Brink – The Edge of Risk

Posted at 06:53h in Cryptocurrency News by

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An image of a gold petro coin with the flag of Venezuela. Latin America represents a breakthrough region for the cryptocurrency and blockchain industry.

Photo: Shutterstock

Cryptocurrency and its underlying blockchain technology are on a meteoric rise in Latin America. 

The digital money’s lack of regulation has shrouded the industry in stories of criminal enterprise; and there’s no doubt that corruption, secrecy and illicit laundering play an important part in Latin America’s adoption of cryptocurrency. 

But the region’s warp-speed adoption of Bitcoin and other cryptocurrencies also stems from innovative initiatives to combat corruption and theft, boost corporate productivity and promote beneficial public policy.

Young, Unbanked and Connected Embrace Crypto

According to a study published last year by Statista, one of the world’s…

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