The ECB report reveals that cryptocurrencies are gaining popularity in emerging economies due to limited investment options and economic instability.
Digital assets like Bitcoin are increasingly used as a stable store of value and for international transactions in countries with high inflation and currency depreciation.
The European Central Bank (ECB) has released a comprehensive report highlighting the increasing role of cryptocurrencies like Bitcoin in the global financial landscape, especially in emerging and developing economies (EMDEs).
The report underscores three pivotal factors contributing to these regions’ burgeoning adoption of digital assets, marking a significant shift in the global financial narrative.
Factors Fueling Cryptocurrency Adoption
Diversification in Restricted Investment Landscapes
In many EMDEs, stringent regulatory and institutional constraints often limit the range of available investment assets. This limitation has positioned cryptocurrencies as a lucrati

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