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JUST IN: Latin American Governments Surrender to Bitcoin and Cryptocurrencies
Whether out of necessity or foresight, cryptocurrencies are now becoming established as public policy.
Bitcoin adoption in Latin America stems from the failure of fiat currency.
One country's success in adopting Bitcoin inspires another.
Gradually, and then suddenly. That's how government adoption of Bitcoin and cryptocurrencies feels in Latin America. Despite the local particularities of each country, a common reason for adoption in all cases, for both individuals and governments, has been the shortcomings of the fiat system.