LATAM News (English)

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

Paraguay: Bitcoin & Crypto Mining Bill Passes Senate, Heading to Lower House

Published on december 20, 2021

Crypto advocates have secured a remarkable victory in Paraguay, with a piece of crypto mining legislation – a private member’s bill – passing a vote in the Senate with a resounding majority….
Read More: Paraguay: Bitcoin & Crypto Mining Bill Passes Senate, Heading to Lower House

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Leading Mexican Retailer Grupo Elektra Accepts Bitcoin

Published on december 18, 2021

Mexico’s Grupo Elektra, a leading retailer in Latin America, is accepting bitcoin for payments. The chain belongs to conglomerate Grupo Salinas, which is owned by Mexico’s third-richest billionaire, the pro-bitcoin Ricardo Salinas Pliego. Ricardo Salinas Pliego’s Retail Chain, Grupo Elektra, Now Accepts Bitcoin Elektra is a supermarket and banking chain belonging to conglomerate Grupo Salinas, […]

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Argentinian Chamber of Fintech Makes Cryptocurrency Regulation Proposal

Published on december 18, 2021

The Argentinian Chamber of Fintech, a membership-based organization whose goal is to lead the digitization and modernization of the financial services industry, issued a series of recommendations for the upcoming regulation of virtual assets in the country. The proposed framework asks the government to follow FATF recommendations, and it calls for a clear definition of […]

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Paraguay’s Bitcoin Bill Passes the Senate

Published on december 17, 2021

The bill, which does not make bitcoin legal tender in Paraguay, will be discussed by the country’s Chamber of Deputies in 2022.

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Deep Dive: How Chile Could Serve as a Payments Innovation Blueprint for Latin America

Published on december 17, 2021

The digital payments revolution might be less apparent in Latin America (LatAm) than in other regions of the world. Only 18% of Latin Americans leverage a FinTech, digital wallet or neobank to make purchases, compared to 46% of consumers in the Asia-Pacific (APAC) region, for example. Similarly, only 41% of consumers in Argentina, 59% in […]

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New Cryptocurrency Bill Advances to Senate in Brazil

Published on december 17, 2021

A new cryptocurrency bill was approved by the Chamber of Deputies of the Brazilian Congress last week, and is now awaiting review by the Senate for approval. The project, if approved, would introduce a central body to regulate all cryptocurrency brokerage activity — ostensibly the Central Bank of Brazil — and establish new penalties for […]

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Lending Platform Ledn Launching Bitcoin-Backed Mortgage Product, Raises $70 Million

Published on december 16, 2021

Global digital asset savings and credit platform Ledn has announced the upcoming launch of a bitcoin-backed mortgage product, calling it “the first product of its kind to hit the market.” The company has also raised $70 million, which brings its valuation to $540 million. Bitcoin-Backed Mortgage — ‘The First Product of Its Kind to Hit […]

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Behind the Scenes of El Salvador’s Bitcoin Bond With the Man Who Designed It

Published on december 16, 2021

Samson Mow reveals the fast-moving process behind a radical financial experiment.

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Mercado Libre Acquires POS Provider Redelcom

Published on december 16, 2021

The Latin American eCommerce giant Mercado Libre says it has acquired Redelcom, a Chilean payments service provider. “Mercado Libre seeks to consolidate its value proposition in Chile and enhance the growth of its multiple payment tools and digital financial solutions,” the Argentine company said in a news release Monday (Dec. 13). “This is part of […]

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Chilean eCommerce Platform Justo on Chile’s Trendsetting Role in the Digital Payments Ecosystem

Published on december 16, 2021

Payment providers are working to bolster Latin America’s sluggish digital payment adoption rate, and many are starting their campaigns in Chile. In the Digitizing Payments In Latin America Playbook, Josip Jercic Hollub, of Chilean eCommerce platform Justo, explains why Chile’s high banked rate and enthusiasm for digital payments makes it an ideal testbed for new technologies in Latin America.

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