Latin America and its confidence in cryptocurrencies increases but a sector of the population calls for better regulations

A survey carried out a few months before halving shows that there is an interest in Latin America to develop better regulations for cryptocurrencies.
There is a picture of uncertainty regarding the impact that cryptocurrencies will have on the future of finance.
However, Latin Americans give their vote of confidence to cryptocurrencies today.

Latin America is increasing its exposure to the world of cryptocurrencies and many people already expect that, soon, the authorities will do their homework with better regulations that allow the safe and legal use of digital assets.

A survey recently released by global communications firm Edelman Inc., revealed that almost 60% of the population believes that cryptocurrencies should have a more complete regulatory system. Of all these countries, Spain, Colombia and Mexico are above average as markets in which citizens are wanting better regulations.

On the other hand, Brazilians are aware that rather fewer regulations are needed, or that at least those that exist are sufficient for the ecosystem to develop normally.

The results are not unexpected, as the Colombian market has some time reflecting this trend. A study by the P2P cryptocurrency exchange platform Paxful revealed that 58% of the population believed that regulatory efforts in the country could contribute to increasing interest in the use of cryptocurrencies.

Developing countries have a crypto-friendly perception despite uncertainty
The study also revealed a noticeable increase in confidence in cryptocurrencies in developing countries. Brazil, Colombia, Argentina and Mexico score the list with a high level of confidence of over 60%, while unfortunately Spain has just 40% confidence, although the population has a better view of the tokens compared to last year, increasing by 12%.

Uncertainties to the future ?, Doubt is the queen of the party, since in most of the world there is uncertainty regarding the impact that the use of cryptocurrencies will have on the future of global finances. Only 6 countries (United Arab Emirates, Indonesia, Saudi Arabia, Thailand, India and China) have an average optimism of over 50%.

Colombia is the Hispanic country with the highest level of optimism regarding the future of cryptocurrencies with 47% of the population, while in Spain, just 29% of the population considers that the impact of the cryptocurrency revolution will be positive.

The panorama shown by this survey is very positive in general terms. Edelman has been doing this type of research for 20 years and for the last study they surveyed more than 24,000 people online in 28 different countries.

The survey was carried out between October 19 and November 18, 2019. Will the sentiment have changed after the halving and the events that occur today?

(Images: Edelman Inc).