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Vitalik Buterin Calls Mandatory Use of Bitcoin in El Salvador Counter to Crypto’s ‘Ideals of Freedom’
Published on october 8, 2021
The Ethereum co-founder’s comments appear to refer to an article in El Salvador’s Bitcoin law, but in reality, the requirement for merchants to accept bitcoin is not that clear.
[...] Colombian Fintech Movii Raises $15M in Series B Round
Published on october 7, 2021
Colombian fintech Movii raised $15 million in a Series B funding round to create a bitcoin purchasing service and expand other services, the company announced Wednesday. The round was co-led by payments services company Square and Hard Yaka, an investment fund founded by former Ripple Chief Risk Officer Greg Kidd. Movii said in a statement… [Read more]
[...] New Venezuela’s Digital Bolivar Isn’t Digital, and It Won’t Solve the Country’s Economic Crisis
Published on october 7, 2021
In view of the hyperinflation in the Latin American country, the government decided to remove six zeros from the currency and issue a new bolivar. For a third time.
[...] El Salvador’s State-Owned Banco Hipotecario Taps Four Crypto Startups for Blockchain Solutions
Published on october 7, 2021
The adoption of bitcoin as legal tender in El Salvador has forced the local financial system to adapt. Staring down these changes, Banco Hipotecario, a national commercial bank in El Salvador, has started working with four companies that will develop blockchain solutions they say will increase financial inclusion for the bank’s customers. The bank started… [Read more]
[...] Mexican Stock Exchange Is Considering Listing Crypto Futures, CEO Says
Published on october 6, 2021
The investments would be traded on the exchange’s subsidiary, the Mexican Derivatives Exchange.
[...] Brazilian Congress to Consider Bill Regulating Crypto Exchanges
Published on october 5, 2021
Brazil’s congress will discuss a bill that regulates companies operating in the cryptocurrency sector and increases penalties for crypto pyramid schemes and other illegal activities. A special commission of the Brazilian House of Representatives already approved the bill presented on Sept. 29. If approved by the plenary, the legislation, which was introduced by federal deputy… [Read more]
[...] Banco Central de Uruguay establece ‘plan de trabajo’ para regular los activos digitales
Published on october 4, 2021
El Banco Central del Uruguay (BCU) ha establecido un “plan de trabajo” para sentar las bases de la regulación de los activos digitales y de las empresas que forman parte de este mercado. El BCU planea terminar una propuesta antes de fin de año para modificar las disposiciones legales actuales que cubren los activos digitales… [Read more]
[...] Central Bank of Uruguay Establishes ‘Work Plan’ to Regulate Digital Assets
Published on october 4, 2021
The BCU plans to finalize a proposal to amend the current legal provisions covering digital assets and create a clear framework for their regulation by the end of the year.
[...] El Salvador’s Bitcoin Volcano Can Be a Model for Cleaner Crypto
Published on september 29, 2021
The Central American nation is taking its first steps to harness massive natural power sources to mine Bitcoin. The impacts could stretch far beyond the world of crypto.
[...] Why El Salvador Is Botching Its Bitcoin Experiment
Published on september 24, 2021
It’s rare that I agree with David Gerard, the British writer who has made a career out of cherry-picking the crypto industry’s problems to savage those of us who argue in good-faith for crypto’s long-term potential. But I find myself agreeing with many of his recent assertions about a badly handled rollout in El Salvador… [Read more]
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