🎉Argentina🇦🇷recognized as the most promising crypto market in Latin America

🎉Argentina🇦🇷recognized as the most promising crypto market in Latin America

The statistics, although mostly from last year, confirm a growing trend supported by the policies of President Milei’s administration.

▶️Due to the hyperinflation of 2022-2024, Argentinians became pioneers in the use of stablecoins as a safeguard for assets.

▶️Despite recent regulatory improvements, banks in Argentina do not provide crypto trading services; additionally, the country lacks ETFs or thematic funds. This has promoted the adoption of self-custody solutions, increased blockchain activity, and the use of local apps and exchanges.

▶️Meanwhile, major banks such as Itaú, Nubank, and BTG Pactual have begun offering cryptoassets directly to clients, making access to digital assets more widespread.

▶️According to research by Brazilian agency Sherlock Communications, between June 2023 and June 2024Argentina recorded on-chain transactions worth USD 91 billion, surpassing even Brazil🇧🇷.

▶️The main legal framework is Law No. 27.739 (March 2024), which introduced measures against money laundering, defined virtual assets, and established the mandatory registry of VASP (Virtual Asset Service Providers) under the supervision of the National Securities Commission (CNV).

▶️Regional context:

👉Ethereum dominates blockchain transactions.

👉Argentina, Brazil, and Mexico🇲🇽lead in Web3 development, while Colombia🇨🇴and Peru🇵🇪are catching up quickly.

#news #Argentina #crypto #Brazil #Mexico #Colombia #Peru

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