Latin America Sees Significant Growth in Crypto with the Number of Firms Doubling Since 2016



A joint report by the University of Cambridge and the Inter-American Development Bank reveals that the Latin American and Caribbean region has experienced significant growth in the crypto industry from 2020 to 2022. The report shows that the number of crypto companies in the region has more than doubled since 2016, with Brazil, Argentina, and Mexico hosting the largest number of companies. However, regulation is seen as the main hindrance to further development of the crypto industry in the region
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