Guess the country:
→ 105% average annual inflation, every year since 1944
→ Capital controls capping USD purchases at $200/month
→ Informal FX market trading at up to 2x the official rate
→ A population that turned to crypto to protect its savings
If you guessed Argentina, you're right.
What came next: a generation of builders who kept working without a legal framework, and a government that chose to formalize what they built instead of restricting it.
Our new report with
@crecimientoar traces how that combination produced 8.6M crypto users and $91B in annual volume, the highest per capita in Latin America. Sponsored by
@Nexo.
Read it here: