Guatemala
Answer ... Blockchain technology is not currently regulated in Guatemala.
Guatemala
Answer ... From a technology perspective, the mainstream adoption of virtual currencies would simplify access to financial instruments, as Guatemala has a high number of unbanked individuals.
Other potential benefits include lower costs, more agility and reduced bureaucracy in the transmission of remittances, as Guatemala is a country with a high index of remittances (13.8% of its gross domestic product in 2019, or $10.508 million), and which also has more mobile phones than inhabitants.
The main challenges are the technological deficiencies that inhibit the use of virtual currencies, such as limited internet signal in the poorest parts of the country, a lack of technological and financial education and limited access to smartphones.