Latin America Financial News
14.01 / 21:11
cryptocurrency
Latin America
Ban
Bitcoin
place
Bolivian Central Bank ‘Bans’ Crypto, Says Tokens ‘Have No Place in Domestic Market’
The Bolivian central bank has moved to “ban” the use of crypto in the nation – and has issued warnings about what it perceives to be the “risks” involved with investing in cryptoassets such as bitcoin (BTC).
12.01 / 22:04
cryptocurrency
Mining
Latin America
Bitcoin
boost
Power
Bitcoin & Crypto Mining Gets Another Latin American Hydroelectric Power Boost
The future of Bitcoin (BTC) and crypto mining could involve a move away from coal and Asia – and toward hydroelectric energy and the Latin America region, with a Costa Rican power plant now feeding electricity to “hundreds” of mining rigs.
06.01 / 17:31
business
Stablecoin
Latin America
credit cards
Tribal Credit raises $40M in 'hybrid' debt round funded by dollars and stablecoins
Crypto-focused enterprise payment platform Tribal Credit has concluded a $40 million debt offering that was funded through fiat and stablecoins — giving the company additional capital to expand its business services in Latin America.
06.01 / 03:25
cryptocurrency
regulation
Latin America
Peru, Uruguay Edge Closer to Crypto Regulation with Draft Law, Policy Advisory Report
Governments in South America are gearing up to regulate crypto in the year ahead – with lawmakers in Peru and Uruguay readying legislation and draft proposals.
30.12 / 14:21
Adoption
Latin America
ATM
Bitcoin
Santo Blockchain to deliver 50 Bitcoin ATMs to Panama
Panama is doing its best to keep up with El Salvador’s Bitcoinization with the installation of 50 Bitcoin (BTC) ATMs in 2022. Thanks to Santo Blockchain, 50 of the planned 300 ATMs will begin shipping to Latin America in early 2022.
21.12 / 04:05
regulation
Latin America
Argentine Crypto Firm Sets up El Salvador Base to Side-step Fiscal Reporting Duties
The bitcoin (BTC)-keen El Salvador President Nayib Bukele has bet big on international crypto firms’ willingness to relocate to his country, opening the door for crypto companies to set up shop in the nation. And there are tentative signs that his much-hoped for crypto exodus has begun.
20.12 / 12:51
Mining
regulation
Latin America
Paraguay: Bitcoin & Crypto Mining Bill Passes Senate, Heading to Lower House
Crypto advocates have secured a remarkable victory in Paraguay, with a piece of crypto mining legislation – a private member’s bill – passing a vote in the Senate with a resounding majority.
09.12 / 18:37
business
Payments
Latin America
Stellar
Cross-border
Tribal Credit taps Bitso and Stellar to enable cross-border B2B payments
Enterprise payment platform Tribal Credit has partnered with Latin American crypto exchange Bitso and the Stellar Development Foundation to create a new cross-border payment service for businesses, opening the door to broader use cases for blockchain technology in the region.
03.12 / 03:27
Mining
regulation
Latin America
Bitcoin
debate
Paraguayan Senate to Debate Taking Bitcoin Mining ‘Out of the Grey Area’
Paraguay is inching closer to legalizing Bitcoin (BTC) and crypto mining – and potentially opening up its huge hydroelectric power capacity to industrial miners – with more senators lending their support to a key proposal.
02.12 / 04:17
Latin America
economics
Bitcoin
analysts
Financial
Mainstream Analysts Pour Scorn on El Salvador’s Financial Plans and Bitcoin Intentions
Mainstream analysts have criticized El Salvador’s budget plans for 2022 and its bitcoin (BTC) bond ambitions – and a media outlet has pointed out that international ratings agencies are now lining up to take aim at the nation’s President Nayib Bukele and his adoption plans.
18.11 / 09:07
Adoption
Latin America
CNBC
HK
Peru to partner with India, HK and Singapore central banks on a CBDC
The president of the Central Reserve Bank of Peru Julio Velarde announced that his country will be entering the global race to develop a Central Bank Digital Currency (CBDC).
18.11 / 04:07
Ethereum
Adoption
Latin America
Bitcoin
Trackers
Crypto Exchanges & Bitcoin Price Trackers Among Venezuela’s Most-Visited Websites
The Venezuelan President Nicolás Maduro and his cohorts have long banged the drum about creating a “crypto-powered economy” – but it appears that either the message has got through to citizens, or Venezuelans have been adopting crypto of their own accord.
06.11 / 00:13
Mining
Latin America
Bitcoin
Green Bitcoin
Paraguay, Argentina Are ‘Targets for Crypto Miners’, May Provide Green Bitcoin Solution
“Several companies” are eyeing Latin America – and countries like Argentina and Paraguay in particular – as they look to create new bases for Bitcoin (BTC) and altcoin mining operations.
28.10 / 11:03
Adoption
Latin America
Bitcoin
Bukele
Bullish Bukele Buys Bitcoin ‘Dip,’ Snapping up BTC 420
As bitcoin (BTC) prices fell below the USD 60,000 mark, the El Salvadoran President Nayib Bukele has doubled down on his bitcoin adoption drive by snapping up BTC 420 (USD 25m).
27.10 / 22:11
Latin America
Bitcoin
Buoyant Bitcoin Prices Met with Silence by El Salvador’s Anti-BTC Critics
As bitcoin (BTC) prices continue to hover around the USD 60,000 mark, a kind of hush has fallen over much of the El Salvador mainstream media – most of which is vehemently opposed to both President Nayib Bukele and his bitcoin adoption drive.
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