Latin America Financial News

01.07 / 18:33

Adoption Latin America South America Argentina carries out crypto wallet seizures linked to tax delinquents

Argentina’s tax authority has seized more than 1,000 cryptocurrency wallets linked to delinquent taxpayers in the country.

14.06 / 03:11

regulation Latin America Legal Brazil’s Judges Receive Crypto ‘Training,’ Minister Warns of ‘Gaps’ in Regulation

Brazilian federal judges have been receiving training on crypto-related matters – in an attempt to prepare the judiciary for an increase in crypto-related court cases.

07.06 / 01:17

markets Ethereum Stablecoin Latin America Reserve rights Reserve Rights (RSR) builds momentum ahead of its long-awaited mainnet launch

Bitcoin was created to give the average person a peer-to-peer economic system and a store of wealth asset that could provide financial autonomy and access to banking, especially for people living in places where financial services are sparse or non-existent.

30.05 / 23:53

Adoption Latin America South America Argentines turn to Bitcoin amid inflation worries: Report

Since 2016, Argentina has been engaged in a war against inflation. Caused by multiple factors, like a lack of trust in the central bank or government overspending, the depreciation of the Argentinean peso has negatively impacted citizens' purchasing power.

30.05 / 21:09

regulation Latin America South America Paraguay paves the way for crypto regulation despite internal opposition

Paraguay is viewed by many as a potential hot spot for cryptocurrency adoption due to low electricity costs and relatively soft taxation. The government has recognized this opportunity by pushing forward new legislation around digital assets.

18.05 / 11:17

Adoption Latin America Bitcoin NOT El Salvador-hosted ‘44-nation Bitcoin Conference’ Not Quite a Nothing Burger

Central bankers attending a large-scale conference have moved to distance themselves from claims they are in El Salvador to talk about bitcoin (BTC) adoption – while local media outlets have suggested that BTC may be further down the agenda for the 44 nations attending than previously claimed. But evidence does suggest that the bankers and government ministers attending have already taken more than a passing interest in El Salvador’s adoption initiatives.

27.04 / 03:27

Adoption Latin America Bitcoin crypto law Panamanian MP: Our Draft Crypto Law Is Different from El Salvador’s Bitcoin Law

The MP architect of a draft Panamanian private member’s bill that proposes allowing the use of crypto as a form of payment has claimed that there are key differences between his proposed law and the Bitcoin Law adopted in El Salvador last year.

25.04 / 23:07

regulation Latin America Central Bank More Crypto Regulation May Be on the Way in Mexico, Suggests Central Bank Chief

The Governor of the Bank of Mexico (Banxico) has spelled out its position on crypto – and has hinted that it may seek to expand the scope of its regulation of the sector.

21.04 / 03:21

Adoption regulation Latin America regulatory Argentina Launches Regulatory Sandbox for Crypto Innovators & Investors

Argentina is edging toward crypto regulation – as well as further adoption – with a new “innovation hub” that will allow regulators, investors, and crypto startups to work together.

17.04 / 15:07

Blockchain Adoption Latin America The world doesn’t need banks, policymakers or NGOs — It needs DeFi

Where I grew up, on the southern border in Texas, a tremendous number of people have come to the United States to work and send money back home. They don’t make much money, but they pay considerable fees on their transfers. Their focus is not on getting rich, but on supporting those back home in their native country. They support their families as they do hard labor day in and day out. It costs them too much to do so.

15.04 / 17:09

cryptocurrency Latin America Central Bank Brazilian Parliament Heading for Key Vote on Crypto Regulation Bill

An ambitious private member’s bill that seeks to regulate the Brazilian crypto market could be approved by the National Congress before the end of the first half of this year – with MPs set for a key vote on Tuesday next week.

12.04 / 03:09

cryptocurrency Mining Latin America Small Argentine Town Turns to Crypto Mining to Pay for Improvements

A small town in rural Argentina has decided to invest in crypto mining hardware in a bid to raise money to pay for improved rail connections and “beat inflation.”

24.03 / 01:49

Latin America Central Bank Bitcoin NOT Bitcoin is 'not regulated' — Honduras' central bank pushes back against legal tender rumors

The Central Bank of Honduras, or BCH, addressed rumors regarding the country potentially adopting Bitcoin as legal tender like its neighbor El Salvador — and the answer seems to be negative.

19.03 / 00:37

Latin America bonds Bitcoin businesses 14% of Salvadoran businesses have transacted in BTC: Chamber of Commerce

Businesses in El Salvador have been slow to adopt Bitcoin (BTC) ever since the country famously recognized the digital asset as legal tender in September 2021, according to a recent survey by the Salvadoran Chamber of Commerce.

04.03 / 05:15

Adoption Latin America Asia Survey 75% of investors in emerging markets want more crypto: survey

A recent survey has revealed that a whopping 75% of investors in Asia-Pacific and Latin American emerging markets are looking to increase their exposure to cryptocurrency investments.

21.02 / 22:27

cryptocurrency Latin America Tax Argentinian Finance Minister ‘Wants More Crypto Taxes’

Argentina’s government wants to reform the existing crypto tax laws – and ensure further compliance.

15.02 / 04:15

cryptocurrency Latin America Tax Critics Hit Back at Colombia’s Retrospective Crypto Tax Plans

The Colombian government wants citizens to declare their crypto holdings – but industry figures claim this will just force crypto advocates and their coins onto overseas platforms.

07.02 / 14:51

Latin America lending ATM State-run El Salvador Bank Accepts 200 Bitcoin ATMs as Collateral for USD 1.5M Loan – Report

A state-owned bank in El Salvador has reportedly handed out a crypto firm a loan of over USD 1.5m – accepting 200 bitcoin (BTC) ATMs as collateral.

05.02 / 19:33

Adoption Latin America Bitcoin play Does the IMF have a hidden script for El Salvador’s Bitcoin play?

On Jan. 25, the International Monetary Fund’s (IMF) directors asked El Salvador to “narrow the scope” of its Bitcoin Law by “removing Bitcoin’s legal tender status.” Adopting a cryptocurrency as the Central American country has done “entails large risks for financial and market integrity, financial stability and consumer protection,” the fund wrote.

03.02 / 17:25

business Latin America Funding South America Crypto-focused enterprise payment platform Tribal Credit raises $60M

Crypto-focused enterprise payment platform Tribal Credit has raised $60 million in an oversubscribed investment round, putting the company on track to continue its expansion in Latin America — a region that has seen significant uptake of blockchain-based cross-border payments.

02.02 / 07:33

Adoption Latin America Bitcoin 500 El Salvador relaunches Chivo wallet, plans to deploy 1,500 Bitcoin ATMs

El Salvador, the first country to adopt Bitcoin (BTC) as a legal tender, has relaunched its in-house Chivo wallet to address the existing challenges of BTC transfers locally. With AlphaPoint integration, the updated Chivo wallet is expected to carry out instantaneous low-fee Bitcoin transactions while fixing concerns related to stability and scalability.

Latin America Financial News

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