LATAM News (English)

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

Biden Wants Cuba Remittances Policy 'Tough on the Regime and Soft on the Cuban People'

Published on november 7, 2021

The White House is seeking “innovative options” to restart remittances to Cuba, it said when sending back some recommendations that had been made by the Treasury Department and State Department, Reuters reported Friday (Nov. 5). The President Joe Biden administration wants to allow Cuban Americans to send money to families on the island while also […]

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Brazilian federal deputy proposes crypto payment option for workers

Published on november 7, 2021

Goulart’s proposal seeks a new law that allows all Brazilian workers to have an option to request employers for remuneration in cryptocurrencies.

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Draft Bill Seeks To Allow Brazilian Workers to Be Paid in Bitcoin

Published on november 5, 2021

The bill seeks to change the current law that dictates Brazilian workers can only be paid with the national currency.

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El Salvador Pours Bitcoin Profits Into Health and Education Amid Ongoing Chivo Wallet Fraud Furor

Published on november 5, 2021

After President Nayib Bukele “bought the dip” and purchased 420 additional bitcoins for about $25 million last week, El Salvador now has 1,100 coins, up from the first 400 announced in early September when it became the first country first in the world to make bitcoin legal tender alongside the U.S. dollar. The purchase comes […]

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Paraguay, Argentina Are ‘Targets for Crypto Miners’, May Provide Green Bitcoin Solution

Published on november 5, 2021

“Several companies” are eyeing Latin America – and countries like Argentina and Paraguay in particular – as they look to create new bases for Bitcoin (BTC) and altcoin mining operations.
Per Infobae and La Nacion, other firms are looking to follow in the footsteps of the Chinese company Future Fintech that last week “announced formal plans to build a Bitcoin mining facility in Paraguay.”…
Read More: Paraguay, Argentina Are ‘Targets for Crypto Miners’, May Provide Green Bitcoin Solution

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Columbian Delivery App Rappi To Go Public Next Year

Published on november 5, 2021

Colombian delivery app Rappi Inc. is planning its initial public offering (IPO) for late in 2022, co-founder Juan Pablo Ortega told Bloomberg at the Web Summit conference in Lisbon, Portugal, for its report Friday (Nov. 5). Rappi, which is backed by SoftBank Group Corp., has “held informal conversations with banks, and plans to hire advisers […]

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Colombian exporter developing cryptocurrency to help transport long-horned beetles to Japan

Published on november 4, 2021

This Colombian beetle exporter once used biotechnology to reduce organic waste. It’s now moving into cryptocurrency development.

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LABITCONF 2021 Bitcoin Conference To Be Hosted In El Salvador

Published on november 4, 2021

The Latin American Bitcoin and Blockchain Conference is set to be hosted in San Salvador, El Salvador, on November 15–20, 2021.

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LTNM and OSO ATMs Enters Into a 3 Year Partnership to Install LTNM ATMs in the US

Published on november 4, 2021

PRESS RELEASE. Palo Alto, CA – LTNM, the next generation, insured asset-backed cryptocurrency, is proud to announce an exclusive partnership with OSO ATMs, one of the biggest ATM providers, to help install 100,000 LTNM ATMs across all fifty states in the United States. Developed by Monsoon Blockchain Corporation on behalf of the LTNM Foundation, LTNM […]

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Argentinian FinTech Uala Buys ABC Capital for Ongoing Expansion

Published on november 3, 2021

Ualá, an Argentine financial services firm, has reached an agreement to buy ABC Capital, a Mexican bank, which will allow it to boost expansion and growth plans in Mexico, Reuters reported. “Our commitment to financial inclusion in Mexico is absolute,” said Ualá Founder and CEO Pierpaolo Barbieri, per the report. “We come to revolutionize the […]

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