Can Governments Stop The Bitcoin Train?
As many governments around the world move towards regulating cryptocurrency, this digital form of currency is still viewed with skepticism by the leaders of many nations. The threat this poses to the existence of cryptocurrency varies throughout the world, with some governments such as India, contemplating a ban on crypto assets, and others like Bolivia having banned cryptocurrency for several years. In countries with worsening civil unrest and economic conditions, cryptocurrency adoption by individuals seems inevitable. And with the regular rise and fall of governments in Latin America, the increase of p2p trading is not likely to decrease as local fiat currencies are viewed with further distrust. With Latin America fast becoming a hotbed of fintech, cryptocurrency adoption by individuals has grown as a means to store value. This is due in part to the distrust of local fiat currencies, and driven by the lack of banking access for around 50% of the population, according to a study by the World Bank. There are, however, several Latin American nations that are not entirely happy with the existence and use of cryptocurrencies within their country. In Bolivia, for example, there is a complete ban on cryptocurrencies, with the current government unlikely to reverse the