LATAM News (English)

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

Bitcoin Journey through El Salvador: A 45-Day Travel Tale

Published on january 27, 2022

Experience the Bitcoin Lifestyle in the Land of Volcanoes

[...]

Rio Official Explains Why City Is Putting 1% of Its Treasury Reserves Into Crypto

Published on january 27, 2022

Chicão Bulhões, the city’s secretary of economic development, told CoinDesk TV that the move seeks to reduce locals’ distrust of cryptocurrencies and turn the city into a crypto hub like Miami.

[...]

El Salvador's Battle With the IMF Is Bigger Than Bitcoin

Published on january 26, 2022

The IMF is pushing El Salvador to drop BTC as legal tender.

[...]

Binance Becomes Main Sponsor of Argentinian Soccer Association

Published on january 26, 2022

Cryptocurrency exchange Binance has signed a partnership agreement with the Argentinian Soccer Association (AFA), one of the biggest soccer federations in the world, to become its main sponsor. With this deal, Binance will become the main sponsor of all the Argentinian national soccer teams for the next five years and will issue a new fan […]

[...]

IMF urges El Salvador to remove Bitcoin's status as legal tender

Published on january 25, 2022

According to the IMF’s executive board, the use of Bitcoin as legal tender carried “large risks” related to financial stability, financial integrity and consumer protection.

[...]

IMF Urges El Salvador To Ditch Bitcoin

Published on january 25, 2022

IMF directors said they see ‘risks’ in using bitcoin as currency and issuing bitcoin-backed loans.

[...]

Central Bank Aims to Connect $1.5B Sitting Idle in Banks to Brazilians

Published on january 25, 2022

The Central Bank of Brazil is introducing a program to connect the R$8 ($1.5 billion) sitting idle in financial institutions to the Brazilians who are entitled to the funds, the Rio Times reported. Previously there wasn’t an easy way to access these resources until the central bank intervened with a specific program. The first stage […]

[...]

Despite Criticisms, El Salvador Is Not Forcing Its Citizens To Use Bitcoin

Published on january 24, 2022

Understanding El Salvador’s Bitcoin Law and dispelling FUD around Bitcoin adoption.

[...]

Mercadolibre Gets Closer to Crypto With Investments in Paxos and Mercado Bitcoin

Published on january 23, 2022

Mercadolibre, one of the biggest Latam-based unicorns, has announced strategic investments in two cryptocurrency exchanges: Paxos and Mercado Bitcoin. With these investments, the platform gets closer to cryptocurrency, having already bought bitcoin as a direct investment for its treasury, and offering the possibility of investing in crypto for its users in several countries in Latam. […]

[...]

El Salvador Plans to Offer Crypto Loans to Small-Scale Entrepreneurs

Published on january 22, 2022

The government of El Salvador will offer cryptocurrency-based loans to small companies. Conamype, the National Commission for Micro and Small Enterprises, will be the link between the investors and a decentralized finance protocol called Acumen, that will be able to provide funding in stablecoins. The aim being to help small investors that have no credit […]

[...]