LATAM News (English)

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

QR Codes Turn Colombia's Cash-Centric Consumers Digital

Published on october 20, 2021

Consumers, businesses, financial institutions (FIs) and payment providers alike are all paying closer attention to Latin America as its digital payments ecosystem develops further in the wake of the global health crisis. Financial access is also expanding across the market, meaning more consumers can participate in the widening online financial space than ever before. For […]

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Hong Kong Crypto Exchange OSL Launches Operations in Latin America

Published on october 19, 2021

OSL, a Hong Kong-based digital asset trading platform, has started offering its exchange services to professional and institutional investors in Argentina, Brazil, Colombia and México, the company said in a statement on Tuesday. The company, part of BC Group, a public technology and digital asset company, will provide institutional customers with “access to a global… [Read more]

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Bitcoin Daily: Brazilians Have Bought Over $4B in Cryptos This Year; Bitcoin ETF From ProShares Begins Trading; Coinbase to Be Official NBA Crypto Platform

Published on october 19, 2021

Brazilian residents are buying a lot of cryptocurrencies, even though the country plans to roll out new regulations, Finbold reported. Data from the Central Bank of Brazil showed residents have bought $4.27 billion in cryptos in 2021, with the highest amount, $756 million, being purchased in May, according to the report. In January, there was […]

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Bitcoin adoption won’t affect IMF talks, says El Salvador’s top central banker

Published on october 19, 2021

The country’s central bank chief does not see the recent Bitcoin adoption move hampering plans to secure an IMF loan.

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Brazilian Asset Manager Kinea Makes Exploratory Investment in Ethereum

Published on october 19, 2021

One of the biggest asset managers in Brazil, Kinea, disclosed it made an exploratory investment in Ethereum. The announcement was made by Marco Aurélio Freire, manager of funds for Kinea, who stated the company had invested a small amount of its holdings in ethereum starting two months ago. Kinea, the investment arm of Banco Itau, […]

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El Salvador removes BTC price feed from Chivo app to crack down on arbitrage scalpers

Published on october 19, 2021

Users of the Salvadoran government’s Chivo wallet will not be able to see frozen price quotes until the feature has been removed to deter arbitrage scalpers.

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El Salvador Bitcoin ‘Scalpers’ Force App Turnaround as Chivo Criticism Continues

Published on october 18, 2021

The government of El Salvador has come under scrutiny again for its Chivo bitcoin (BTC) app and wallet – after its operators temporarily froze price viewing on Chivo to stave off “scalpers.”
In a series of tweets on Monday, the official Chivo Twitter account explained:
“We had to temporarily disable the option to see bitcoin prices frozen for one minute. Unfortunately, many of our users were using it for scalping.”…
Read More: El Salvador Bitcoin ‘Scalpers’ Force App Turnaround as Chivo Criticism Continues

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Brazil Is Not Making Bitcoin Legal Tender: A Look Inside The Bill

Published on october 18, 2021

Brazil is not following El Salvador’s example; here’s a breakdown of the country’s cryptocurrency bill.

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Cybersource and EBANX Team Up on Brazil Payments Platform

Published on october 18, 2021

eCommerce credit card payment platform Cybersource and Brazilian FinTech EBANX announced on Monday (Oct. 18) a collaboration that will streamline payments for customers across Brazil. The partnership means Cybersource’s clients can access EBANX’s payment solutions for Brazil and in turn offer their Brazil-based customers the ability to pay for products and services online with […]

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Brazilians Have Acquired $4B in Cryptocurrencies in 2021, Central Bank Says

Published on october 18, 2021

Total crypto assets held by Brazilians amount to nearly $50 billion now, compared to $16 billion held in U.S. stocks.

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