Both national and global companies will participate in the upcoming pilot project of the Brazilian central bank digital currency.
Bitfinex partnership pushes crypto adoption in Latin America
Bitfinex announced a new investment in the Chile-based crypto exchange in an effort to boost crypto adoption in Latin America.
Num Finance Raises $1.5M, Will Expand Stablecoins in Latin America, Middle East
Decentralized finance protocol Num Finance will offer stablecoins in Brazilian real, Colombian peso, Mexican peso and Bahrain dinar within the next month and develop tokenized money market funds.
Binance provider in Brazil gets payment institution approval
Binance’s partner Latam Gateway has been granted a license to operate as a payment institution and electronic money issuer in Brazil.
Tether, KriptonMarket to support USDT transactions at Argentina’s Central Market
The Central Market supplies over 12 million people per month in Argentina. The move will allow companies to accept and pay bills with USDT.
Crypto adoption is booming, but not in the US or Europe — Bitcoin Builders 2023
At the Bitcoin Builders Conference, Daniel Fogg from IOV Labs and Rootstock spoke with Cointelegraph about how emerging markets are shaping the future of the crypto space.
Argentina’s central bank halts cryptocurrencies from payment apps
The ban is intended to reduce Argentina’s payment-system exposure to digital assets, said the monetary authority.
Stablecoins Gain Traction as Inflationary Shield in Latin America, Europe Also Sees Growth
Despite the recent bear market and the latest banking turbulence, users in Latin America and Europe continue to embrace stablecoins, but in a very different way.
Argentina securities regulator approves Bitcoin futures index
The regulated Bitcoin futures index is reportedly a first in Latin America and is set to debut in May.
Peru considering CBDC to improvement payment system: Former IMF adviser
The Central Reserve Bank of Peru has released a report on the development of a central bank digital currency and promises more reports as its research continues.
El Salvador removes all taxes related to tech innovation for economic growth
Technology innovations such as software programming, coding, apps and AI development, and computing and communications hardware manufacturing will be exempted from taxes in El Salvador.
Latin American E-Commerce Giant Mercado Libre Expands Crypto Trading to Chile
The company launched the service in partnership with Ripio, a regional crypto firm.
Venezuela shuts down crypto mining facilities, exchanges amid corruption probe
According to Venezuela’s attorney general office, government officials were running parallel oil operations with the assistance of the national crypto department.
Mastercard, Binance to launch their second prepaid crypto card in Latin America
Crypto adoption and usage in Brazil are higher than the global average.
Bitcoin adoption of Guatemalan merchants grows one BTC tattoo at a time
The Central American country of Guatemala is getting inked on the path to greater Bitcoin merchant adoption.
The driving forces behind crypto adoption in Latin America in 2022
Inflation has fueled crypto growth in the region, stimulating asset tokenization and remittance infrastructure development.
Argentina’s province to issue US dollar-pegged stablecoin
The bill also authorizes local artists to issue nonfungible tokens (NFT) to promote financial and cultural inclusion.
Brazilian crypto industry gets regulatory clarity amid global uncertainty
The recent regulatory framework from the Brazilian Congress will benefit the country’s financial institutions and bridge local liquidity with global markets.
Web3 projects focus on education to bring Latin American women to the sector
Women in Latin America are showing an increased interest in Web3 as organizations aim to drive participation through educational content and scholarships.
Remittances drive ‘uneven, but swift’ crypto adoption in Latin America
The Latin American region now makes up for a 9.1% share of the global crypto value received in 2022 with remittances and high inflation the highest drivers of adoption.