🌎 **Cryptocurrency Growth in Latin America and the Caribbean** 🚀

📊 According to a joint report by the University of Cambridge and the Inter-American Development Bank (IDB), the cryptocurrency industry in Latin America and the Caribbean has experienced significant growth from 2020 to 2022.

📈 The industry more than doubled its size compared to 2016, as evidenced by a survey of 80 companies and institutions conducted from June to August last year.

💰 In the past, South American investors primarily entered the cryptocurrency space for speculative reasons, but since 2020, an increasing number have turned to cryptocurrencies as a hedge against inflation.

🌐 Most respondents in the survey identified the regulatory environment in the Asia-Pacific region as the primary obstacle to the cryptocurrency industry's growth.

#Cryptocurrency #LatinAmerica #Caribbean #CryptoGrowth #InflationHedge #CryptoNews 📈🌐🚀