According to a report by Jinse Finance, the crypto assets trading platform Bitso has stated that Latin America is experiencing a breakthrough year in crypto assets adoption. The Coinchange regulatory report indicates that the region's crypto assets usage rate will rise by 116% in 2024 and by another 65% in the first half of 2025, with the total number of users now exceeding 57 million.
This significant rise is mainly attributed to the improved regulatory environment, the increasingly mature market, and the positive regulatory measures in the US and Europe. Brazil has become a regional regulatory leader with the enactment of Law No. 14,478 in 2022, establishing a comprehensive encryption framework; Chile laid the foundation for digital assets through the 2023 Fintech Law; Mexico's 2018 Fintech Law is one of the world's earliest formally recognized regulatory frameworks for virtual assets.
Felipe Vallejo, Chief Corporate Affairs Officer of Bitso, stated that now is a crucial moment 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 rapidly becoming a strategic hub for global financial innovation and digital asset solutions.
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