The acceptance of cryptocurrencies in emerging market countries significantly impacts the global market. Firstly, it can boost global market liquidity. As emerging markets with large populations embrace crypto, more capital flows into the global crypto space, increasing trading volumes. Secondly, it may influence market trends. If emerging markets favor certain types of cryptocurrencies, it can set new trends, for example, driving up the demand for privacy - focused coins. Thirdly, regulatory changes in these countries can have a spill - over effect. Their new policies on crypto can prompt other countries to review and adjust their regulations, thus reshaping the global regulatory landscape.​