South America Financial News

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.

12.05 / 05:07

Government Adoption South America end Chile puts CBDC plans on hold until end of 2022 to undertake more analysis

The Central Bank of Chile has delayed its plans for a central bank digital currency (CBDC) saying the issuance of a digital Chilean peso requires a deeper analysis of the benefits and risks, promising a new report towards the end of the year.

06.05 / 08:23

Law Banks South America Argentina’s central bank steps in to block new crypto offerings from banks

The central bank of Argentina (BCRA) has put the kibosh on financial institutions offering crypto trading only days after two of the country's largest banks signaled they were opening up to digital assets.

27.04 / 12:53

business Government Adoption South America VASP Cuban central bank makes it official: VASP licensing coming in May

In a move that could potentially foster the growth of Cuba's nascent tech industry, the Banco Central de Cuba (BCC), the country's central bank, will begin issuing licenses for Bitcoin (BTC) and other virtual asset services providers (VASPs).

28.02 / 14:55

business Payments VISA South America businesses Tribal partners with Visa to expand credit options for businesses

Crypto-focused enterprise payment platform Tribal Credit has partnered with Visa to expand credit and financing options for small- and medium-sized enterprises across Latin America, highlighting the growing synergies between traditional payment providers and the blockchain industry.

20.02 / 17:45

business Blockchain Adoption South America NFTs, payments and conferences: Crypto in Latin America in 2021

In 2021, Latin America saw a soaring rise in crypto adoption among the 20 countries and 14 dependencies that make up the region.

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.

15.01 / 12:21

Adoption South America ATM Bitcoin Uruguay reportedly installs its first Bitcoin ATM

Uruguay has reportedly installed its first Bitcoin (BTC) ATM, making it the 11th South American country to publicly encourage crypto adoption. Prior to Uruguay’s involvement, South America hosted 79 ATMs, which represented 0.2% of global BTC ATM installations.

23.12 / 12:32

Law Adoption South America Bitcoin Paraguay moves a step closer to regulating digital currency

On Dec. 17, 2021, the Senate of Paraguay approved a cryptocurrency bill introduced in July. The provisions, which define several key terms including virtual assets and call for licenses to mine cryptocurrencies, will now be sent to the Deputy Chamber for further deliberation.

07.12 / 09:29

Adoption Banks South America Gemini partners with Colombia's biggest bank for crypto trading

New York-based crypto exchange Gemini has announced that it will be expanding into Latin America through an upcoming partnership with Colombia’s largest bank, Bancolombia.

30.11 / 15:55

business Funding South America Mercado Bitcoin parent company 2TM raises $50M, further cementing unicorn status

2TM, the parent company of Brazilian cryptocurrency exchange Mercado Bitcoin, has received $50.3 million in fresh financing to expand its operations across Latin America, sending a strong signal that venture capital sees growth potential in the region.

21.11 / 12:09

Blockchain Adoption South America Bitcoin Training Venezuelans promised Axie Infinity scholarships for crypto training courses

A gubernatorial candidate from Venezuela has promised to offer scholarships for citizens interested to join the Technical Training Center for Mining and Administration of Digital Crypto Assets.

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