Argentina has emerged as Latin America’s leading nation for cryptocurrency adoption, with nearly one in five citizens holding digital assets, according to a recent Rankings Latam report.
The study revealed that 19.8% of Argentines own crypto, surpassing Brazil’s 18.6% and leaving El Salvador—despite its Bitcoin-friendly policies—below the 15% threshold.
The report highlights that crypto ownership across the region is heavily concentrated, with Argentina, Brazil, Chile, Colombia, Mexico, and Peru accounting for more than 85% of all holders.
Analysts attribute this trend largely to the economic instability and restricted access to traditional banking that persist in several countries. Rankings Latam noted that such environments tend to fuel not only higher adoption rates but also faster growth in digital finance solutions.
Bitso Argentina’s General Manager, Julian Colombo, believes the country’s deep-rooted distrust in traditional finance has played a pivotal role in this surge. “The legacy of currency controls, repeated restrictions, and unpredictable regulatory changes has shaped public sentiment,” he explained, adding that this climate makes cryptocurrencies an appealing alternative for savings and transactions.
Argentina’s crypto boom has also attracted international attention. In July, a delegation of U.S. lawmakers visited Buenos Aires to engage with industry leaders and regulators. Their discussions centered on the nation’s approach to taxing crypto assets, as well as recent advances in stablecoin oversight and exchange regulations—policies that some believe could serve as a reference point for other countries seeking to foster crypto growth.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/new-study-nearly-20-of-argentines-now-own-cryptocurrency/