The global adoption of cryptocurrencies among ordinary investors it has risen in the last year. This is argued by a recent report from the cryptanalysis company Chainalysis. Using factors such as the volume of peer-to-peer trades and the value received, Chainalysis said that the global adoption of crypto assets has increased by more than 881% in the last year.
According to data from the company in question, Peru It is the fourth Latin American country among the first 20 out of 154 countries in the adoption of this type of digital money. Meanwhile, Lima concentrates 64.7% of all operations, with a total of USD 27.5 million; according Buda.com.
Now, Matías Romero, country manager of Buenbit, considers that cryptocurrencies are digital assets that seek to fulfill the function of any currency. And he emphasizes that there is no government that can control them.
However, Carlos Eduardo Bernos, Country Manager of Buda.com for Peru, he thinks it would not be a bad idea to take a step towards regulation. The newspaper The Republic reported that Bernos sees cryptocurrency regulation as a viable option. He Held:
“It would be good if there were a regulation for several reasons. It will provide certain guidelines to comply with, that is, it will allow certain companies that are not incorporating controls to do so. The second thing is that it will give him more institutional support ”.
For his part, Romero specified that the regulation will have to be in line with the market situation. “We welcome this regulation to reduce fears and mistrust that may exist in some of the agents who want to invest and use cryptocurrencies”, said.
The cryptocurrency exchange portal Buda.com (a platform for the purchase and sale of cryptocurrencies) revealed that the volume traded on this page in the last 6 months grew by 613%, reaching a figure of USD 42 million. Both agreed that the order must be made on the exchange platforms.
Recall that the Global Cryptocurrency Adoption Index of the company Chainalysis, classified 154 countries according to three main metrics. Although the firm considers professional and institutional markets to be crucial, its aim was to highlight countries with the highest adoption of cryptocurrencies by retail investors, focusing on use cases related to transactions and individual savings, rather than trade and speculation.
Levels of adoption of cryptocurrencies will continue to rise according to experts
For its part, the first study of Binance, called Global Crypto User Index, as of the third quarter of 2020, indicated that, to date, there were 101 million Binance users in the world.
The growth that we have had from Binance in Central America and Latin America has been exponential in the last two years, due to the positioning of countries such as: Brazil, Venezuela, Colombia, The Savior, Costa Rica, Mexico, Paraguay, Argentina, Chile, Uruguay and Peru in the ranking of countries that use cryptocurrencies the most globally. According to data from the consulting firm specializing in blockchain: Chainalysis.
However, analysts on the matter consider that the levels of adoption of virtual assets such as cryptocurrencies will continue to increase due to factors such as access to information about the cryptocurrency industry, as well as the advances and benefits of the sector. Along with other challenges that so far have not impeded growth in general terms, such as regulations and lack of access to essential resources such as access to internet, and education.
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