On November 20th, according to a recent report from cryptocurrency exchange Bitso, Latin America is experiencing a "breakthrough" year in cryptocurrency adoption. Data from a Coinchange regulatory report shows that cryptocurrency usage in the region grew by 116% in 2024 and by another 65% in the first half of 2025, bringing the total number of users to over 57 million.
This significant growth is primarily attributed to an improved regulatory environment, increasing market maturity, and proactive regulatory initiatives in the US and Europe. Brazil became a regional regulatory leader with its Law 14.478 of 2022, establishing a comprehensive crypto framework; Chile laid the foundation for digital assets through its Fintech Law of 2023; and Mexico's Fintech Law of 2018 was one of the earliest regulatory frameworks in the world to formally recognize virtual assets.
Bitso's Chief Corporate Affairs Officer, Felipe Vallejo, stated that now is a critical moment to build a modern and flexible regulatory framework to drive innovation, protect users, and strengthen the digital finance ecosystem. Analysts predict that Latin America is rapidly becoming a strategic hub for global financial innovation and digital asset solutions.
