Europe is not as strong in the use of cryptocurrencies because it has stricter rules, such as the MiCA regulation, which ends up controlling the market quite a bit. In addition, the European financial system already works well, with reliable banks and easy payments, so there is not as much need to look for alternatives like cryptos.

Another point is that the economy in most European countries is stable, so people do not use cryptocurrencies to protect themselves from crises or inflation, as happens in developing countries. And, culturally, Europeans tend to be more cautious with risky technologies and investments.

Despite this, countries like Switzerland, Portugal and Estonia are standing out for being more crypto-friendly.