LATAM News (English)

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

Venezuelans reportedly hit by new Bitcoin tax of up to 20%

Published on february 7, 2022

Bitcoin adoption has been on the rise in Venezuela in recent years amid hyperinflation and the national currency crisis.

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Today in Crypto: La Haus Sells Colombian House for Bitcoin; JPMorgan’s Asset Management Chief Decries Crypto, NFTs

Published on february 6, 2022

Michael Cembalest, J.P. Morgan Asset Management chairman of market and investment strategy, said bitcoin’s valuations are “the stuff that dreams are made of” — and he didn’t mean it as a compliment, CoinDesk reported Friday (Feb. 4). “I won’t be buying it even though part of me wants to, regardless of consequences, since that’s what […]

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Is Volcano Energy Really The Best Fit For El Salvador’s Bitcoin City?

Published on february 5, 2022

While a plan to leverage “volcano energy” is great marketing for El Salvador’s planned Bitcoin City, on its own, it might not be the best source.

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Does the IMF have a hidden script for El Salvador’s Bitcoin play?

Published on february 5, 2022

What if El Salvador’s Bitcoin experiment succeeds? Is that what the IMF really fears?

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Bitcoin-as-Currency Experiment Costs El Salvador 1% of Its GDP, IMF Reports

Published on february 4, 2022

The International Monetary Fund (IMF) is still on the offensive when it comes to El Salvador’s use of bitcoin as a legal tender, estimating the cost of implementing the program at 1% of the country’s gross domestic product (GDP). And that’s not counting the cost of the 1,801 bitcoins purchased by President Nayib Bukele. As […]

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Profitability makes crypto mining more expensive in Argentina

Published on february 4, 2022

The government says that mining “presents challenges to the infrastructure of the concession area to which they are connected.”

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La Haus Sells First House In Colombia For Bitcoin

Published on february 4, 2022

The Latin American real estate platform secured a deal in bitcoin for an apartment in Natura City, in the north of Colombia.

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Argentina Central Bank Governor: FinTechs Boost Financial Inclusion

Published on february 4, 2022

In an interview with the Buenos Aires Times on Friday (Feb. 4), Argentina Central Bank Governor Miguel Ángel Pesce applauded FinTechs for serving an underbanked population, but also cautioned that they were not financial institutions. Pesce noted that it’s been “very important to make the extension of the accounts system more dynamic, reaching sectors which […]

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Bitcoin education center launches in El Salvador to boost adoption

Published on february 3, 2022

90% of El Salvadorans described their knowledge of Bitcoin as poor or non-existent last year despite BTC becoming legal tender.

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El Salvador Switches Tech Providers — Chooses Alphapoint to Operate Chivo Bitcoin Wallet

Published on february 2, 2022

On February 2, 2022, the blockchain infrastructure provider Alphapoint has announced that the Salvadoran government has chosen the firm to operate the bitcoin wallet Chivo. The bitcoin wallet is the largest fintech application in the country and Alphapoint “supports the frontend and backend infrastructure that powers the wallet and integrates the entire ecosystem.” Alphapoint to […]

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