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There is a country where every 5th person holds cryptocurrency – but where is it on the list? Hungary is not among them.
The article discusses how Hungary’s strict regulation has frozen the local cryptocurrency market, making it unlikely for the usage to increase significantly in the near future. It mentions that while Latin America is seeing an explosion of interest in cryptocurrencies, particularly among young people, this trend does not apply to Hungary due to regulatory uncertainty and strict laws.
The author writes: “While we can count on a determining figure of approximately half-a-million users in Hungary, they are currently surrounded by a strict regulatory environment that does not support the spread of cryptocurrencies further.”
In summary, the article highlights that while other countries may be experiencing growth in cryptocurrency adoption, Hungary’s restrictive policies will likely prevent significant changes in this regard.
Source: www.bitcoinbazis.hu
