Tim Jacklich, senior crypto research analyst at Tribal Credit: “Even after the recent cryptocurrency price collapse, Latin America remains the global frontier for crypto uptake and innovation. Decades-high inflation throughout the region continues to drive consumer interest in alternatives to local fiat currencies, especially stablecoins. Though digital assets can offer solutions to persistent regional financial challenges, crypto has also emerged as a key vector for consumer fraud and theft, raising the urgency for regulators in Latin America to act. So far, most governments in the region have taken a macro focus in regulating crypto, taking steps to address systemic risks from crypto markets to domestic banks and payment networks. Mexico, for example, has prohibited regulated financial institutions from offering crypto products and imposed some compliance rules for crypto exchanges that plug into the SPEI bank transfer network. Latin American governments have been much less attentive to…”