LATAM News (English)

These are English-language news items related to Bitcoin and LATAM (Latin America):

Fitch Downgrades El Salvador to CCC Weeks Before Bitcoin Bond Issue

Published on february 9, 2022

Concerns over ability to service debt, concentration of power in the presidency, and adoption of bitcoin as legal tender drove the downgrade.

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El Salvador Bitcoin Bond Issuance Coming as Soon as March 15: Finance Minister

Published on february 9, 2022

In a TV appearance, Alejandro Zelaya also confirmed that the coupon for the paper will be 6.5%.

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5 Tips for Traveling in El Salvador Spending Only Bitcoin

Published on february 9, 2022

Even though President Bukele has made the cryptocurrency legal tender, it isn’t super-easy for visitors to get by on bitcoin alone. But with a few tricks it’s possible, and fun.

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El Salvador Eyes Bitcoin Bond Issuance in March, Mulls BTC Loans for SMEs

Published on february 9, 2022

El Salvador could be set to unveil its much-talked-about bitcoin (BTC) bond offerings as early as next month – and could also unveil new bitcoin loan offerings for small and medium-sized enterprises (SMEs) and micro-industries.
The latest bonds development was unveiled by a key ally of President Nayib Bukele: Mónica Taher, the head of Technological and Economic International Affairs at the national Trade and Investments Secretariat.
Taher took to Twitter to announce:…
Read More: El Salvador Eyes Bitcoin Bond Issuance in March, Mulls BTC Loans for SMEs

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Lawmaker Takes Aim at Puerto Rico as Crypto Tax Haven

Published on february 8, 2022

Rep. Nydia Velaquez called for tougher action against crypto millionaires using Puerto Rico as a tax shelter.

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Brazilian Asset Manager QR Launches First Local DeFi ETF

Published on february 8, 2022

QDFI11 was listed on the Brazilian stock exchange, B3, and tracks the Bloomberg Galaxy DeFi index.

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Jack Dorsey’s Cash App Integrates Bitcoin’s Lightning Network

Published on february 7, 2022

Cash App users can now send instant bitcoin payments worldwide for free.

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PYMNTS Intelligence: Why Seamless Payments Are Key for Digital Streaming Growth in Latin America

Published on february 7, 2022

Smartphones and the internet have steadily become more ubiquitous in Latin America over the past two years, helping more of the region’s consumers utilize digital channels to shop, pay and consume media. Latin American shoppers who tried online channels for the first time during the pandemic do not appear to be abandoning them now that brick-and-mortar […]

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Some Crypto Transactions Could Be Hit with 20% Tax in Venezuela as New Law Passes

Published on february 7, 2022

Certain crypto and foreign currency transactions in Venezuela will be taxed at up to 20% after the government and parliament signed off on a rule aimed at reducing inflationary pressure on the troubled fiat bolivar….
Read More: Some Crypto Transactions Could Be Hit with 20% Tax in Venezuela as New Law Passes

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

Published on february 7, 2022

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.
The development was reported by El Diario de Hoy’s ElSalvador.com, which wrote that it had obtained access to documents proving that the Banco Hipotecario de El Salvador (Mortgage Bank of El Salvador) had signed off on the loan, which valued each machine at USD 7,760. The loan’s warranty period is 36 months….
Read More: State-run El Salvador Bank Accepts 200 Bitcoin ATMs as Collateral for USD 1.5M Loan – Report

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