2022 was challenging for the blockchain community, and Latin America was no exception. Nearly every crypto project has had to change its plans, cut costs, make layoffs, and adapt to new circumstances. But what happened to the overall crypto ecosystem in Latin America? This is the key question answered by the fourth edition of our yearly Blockchain Report.
Even with all hurdles faced in 2022, blockchain still enables people who live in financially unstable countries to protect their assets from inflation, and other protective measures which governments may introduce. This is one of many reasons why adherence to cryptocurrencies and services based on the blockchain can seem highly appealing to Latin Americans.
Over the past 12 months, crypto adoption in the region has increased, albeit at a slower pace than before. Countries such as Brazil and El Salvador are creating friendly regulations for the crypto ecosystem, each with their own terms. Additionally, Brazil, Argentina, Colombia, Ecuador and Mexico are among the top 30 countries in the world in terms of adoption.
Our Blockchain Report’s exclusive research highlights key aspects of the cryptocurrency ecosystems in 21 Latin American countries, including Brazil, Argentina, Bolivia, Colombia and more.
Using in-depth analysis and authentic local data, our 2023 Latin American Blockchain Report provides a comprehensive overview of blockchain-based services, their level of acceptance, and the opportunities that exist in this sector for companies based in the region, or planning to expand there.