Latin America (LatAm) has a complex monetary history. Today it represents one of the biggest potential markets for cryptos. Venezuela made headlines when it became the first major nation to introduce a sovereign crypto, though the Venezuelan Petro probably isn’t going to be used for much anytime soon.
The reason why the Petro is a non-starter is the same reason why LatAm crypto use is likely to rise. LatAm governments are notoriously corrupt and have a long history of abusing their national financial systems.