It is no secret that Bitcoin and other virtual currencies have been making headway across Latin America in recent months. Most of the countries are plagued by hyperinflationary fiat currencies, as well as tight capital controls in terms of moving funds in and out of the region. Just a few weeks ago, the first ever Bitcoin conference was held in Sao Paulo, Brazil.
Strong Focus On Regulation and Financial Aspect of Virtual Currencies
Bitcoin and other virtual currencies could play a major role of importance in Latin America in the near future, once more people have found out what these currencies are about. To be more precise, there are two major points of interest: how will virtual currencies be regulated, and what does the financial aspect of Bitcoin and consorts entail exactly?