Latin America's cryptocurrency

Unlike Brazil, Argentina has a largely unregulated crypto market, which is nevertheless developing rapidly. In Brazil most of the trading is done through regulated exchange. In Argentina most is done on an online peer-to-peer basis (P2P) which is more open to abuse. A big driver for crypto take-up in Argentina has been high domestic inflation and low confidence in the national currency. According to Anthony Pompliano, a crypto specialist, “Argentines don't trust their central bank, they want money that can't be degraded by anyone. They want to be able to access monetary value without having to ask for permission. They want to be able to send and receive money without anyone getting in the way between them and their counter-party.”