In El Salvador, Bitcoin was establish as the official currency in the country in September 2021; while in China, in the same period, all transactions with digital assets became illegal . However, there is an axis that justifies why there are differences BW Lists between some countries regarding the use of cryptocurrencies. The Global Crypto Adoption Index survey (study available only in English) list the main countries that adopt cryptocurrencies in the last year. Note that the top five countries (Vietnam, India, Pakistan, Ukraine and Kenya) are consider emerging countries. Some of the explanations for this fact are that, in emerging economies, investing in cryptocurrencies is a way to safeguard personal finances against the devaluation of the national currency, according to information from Estadão.
The Global Crypto Adoption Index
As cryptocurrencies are decentraliz currencies, regulatory bodies cannot interfere with transactions. Another factor, also cit by the newspaper, which explains this adoption is the transfer of money to other countries at much lower rates, without the need to pay fees for foreign exchange operations such as the Tax on Financial Operations (IOF) in Greece Email List the case of Brazil , in addition to the agility and speed in the transfer of values from person to person. In the case of European and North American countries, the purchase of digital currencies was driven by institutional investments . Still in the ranking mention above, Brazil is in 14th position. In fact, the country has been facing the devaluation of the real.
The majority of Brazilian cryptocurrency
The government implement new rates for IOF , the which can make foreign exchange transactions more expensive. Such a scenario is in line with the explanation of experts regarding the search for cryptocurrencies by emerging countries. Brazilians invest 5% to 10% of their portfolio in cryptocurrencies Investment in cryptocurrencies depends on the use of an intermediary , which can be specializ brokerages, investment funds, stockbrokers, peer-to-peer (direct transaction between two people) and decentraliz brokerages. The majority of Brazilian cryptocurrency investors (nearly 90% of respondents) use cryptocurrency exchange platforms to transact, with more than half of cryptocurrency investors (85%) reporting that they purchase them themselves.
