Andrés Engler

El estudio, titulado “Nuevos Índices de Pagos 2022”, también mostró que más de un tercio de los latinoamericanos dijo que alguna vez ha efectuado una compra cotidiana con stablecoins. La encuesta agregó que solo un 11% de los encuestados a nivel mundial reportó haber hecho una compra utilizando un activo digital. Source link

According to Silva’s tweets, the Government Committee of the Panamanian Congress will discuss the points considered unconstitutional by Cortizo, while the Commerce Committee will address the points Cortizo considers impractical. The bill then must go through a second and third debate, where only the vetoed points will be voted on. Source link

Según los tuits de Silva, la Comisión de Gobierno del Congreso panameño discutirá los puntos considerados inconstitucionales por Cortizo, mientras que la Comisión de Comercio abordará los puntos que Cortizo determinó inconvenientes. Luego, el proyecto de ley deberá pasar por un segundo y tercer debate, donde se votarán sólo los puntos vetados. Source link

“There’s no doubt that the Mexico-U.S. corridor is an extremely important market for us. Many people within that corridor depend on remittances to meet their basic needs and this drives our commitment to bring these cross-border payment services to other countries where we operate,” said a statement from Carlos Lovera, Bitso’s business development leader. Source link

“Sin duda el corredor México-Estados Unidos es un mercado sumamente importante para nosotros, donde muchas personas dependen de las remesas para acceder a una vida digna y satisfacer sus necesidades básicas. Por eso nos motiva aún más y estamos comprometidos en llevar estos servicios a otros países donde operamos”, dijo en un comunicado Carlos Lovera, líder de Desarrollo de Negocios de Bitso. Source link

El lunes, el ministro de Finanzas de El Salvador, Alejandro Zelaya, dijo que las pérdidas de bitcoin presentaban un riesgo “extremadamente mínimo” para su país, notando que la cantidad suma menos del 0,5% del presupuesto del gobierno. También aclaró que cualquier pérdida por ahora es intangible porque todavía el país no ha efectuado la venta de ninguna de sus criptomonedas. Source link

La compañía, que tenía más de 700 empleados antes de los recortes, cuenta con cuatro millones de usuarios en la región. Source link

“Hemos visto un aumento en el uso de criptomonedas en América Latina durante el último año, lo que hizo evidente que necesitamos expandir nuestras ofertas”, dijo el director de tecnología de Tether, Paolo Ardoino. La compañía anunció este esfuerzo como un “programa de prueba” en América Latina que espera “allanar el camino” para crear otros tokens vinculados a dinero fiat en la región. Source link

Bitso has more than four million users in Mexico, Argentina, Colombia and Brazil. The company told CoinDesk in January that it’s aiming to become the largest exchange in Brazil before the end of 2022. In Brazil, Bitso competes with local crypto exchange Mercado Bitcoin, the leader with more than four million customers. Source link

The Chinese crypto exchange is seeking to expand in Latin America, but Bitex will continue to operate under the same name and with its current management team. Source link

Tether isn’t the first to notice the Mexican remittance phenomenon, which previously caught the attention of large crypto players including Coinbase, Bitso and Circle. Earlier this year, Coinbase (COIN) launched a cash-out service to convert local pesos to crypto at more than 37,000 physical retail outlets and convenience stores across the country. Source link

The country’s Senate in December had already passed similar legislation, and the bill will now return to that body with the Chamber of Deputies’ modifications. Once the Senate approves the changes, the pending law would move to the executive branch, which hasn’t yet signaled whether it will sign or veto. Source link

The proposals were submitted by two leftist parties. The government, which also seeks to apply taxes, hasn’t submitted a proposal so far. Source link

The company will focus on its current operations in Argentina, Mexico and Peru, and freeze previous plans to expand into other countries. Source link

The bill was approved during a plenary session of the Legislative Assembly by a 40-0 vote on April 28. Source link

Bukele is hosting financial representatives from 44 developing economies as part of annual meetings of the Alliance for Financial Inclusion. Source link

According to sources, the BCRA’s decision generated bewilderment among the numerous exchanges operating in Argentina, which have recorded high growth rates in the last three years, largely because Argentines are not prevented from acquiring dollar-pegged stablecoins on their platforms. Consequently, in 2021, for example, the use of stablecoins increased sixfold, with DAI leading the way. Source link

El anuncio se dio tras un acuerdo del país con el FMI, en el cual se estipuló que Argentina desalentaría la utilización de criptomonedas Source link

The announcement on Thursday afternoon comes after the IMF last month approved a $45 billion loan facility for Argentina that stipulated the country would discourage the use of cryptocurrencies. Source link

Banco Galicia lanzó un servicio que permite a sus usuarios comprar bitcoin, ether, USDC y XRP. Source link

Por otra parte, desde la legislatura aclararon que la ley trata las criptomonedas como ingresos de fuente extranjera, lo que significa que no serán gravados con impuestos sobre las ganancias de capital (tax capital gains, en inglés), de acuerdo con el sistema tributario territorial de Panamá, Source link

Panamanian Congressman Gabriel Silva – the sponsor of a bill passed on Thursday regulating the use of cryptocurrencies in the country – said the bill doesn’t allow for any crypto to become legal tender, but makes possible free use of crypto as a means of payment for any transaction. Source link

Brazil is seen as a big prize, with a number of crypto exchanges eyeing the country in 2022. Source link

According to the report, “Chivo is not being widely used to receive remittances from abroad”. Its figures align with recent reports from the Salvadoran Central Bank, according to which 1.6% of remittances were received by digital wallets in February, the study said. “In the first quarter of 2022, we find almost no new adopters and the share of remittances in bitcoin is at its lowest point since Chivo Wallet’s launch,” it added. Source link

The providers will be allowed to operate with virtual assets approved by the BCC, the resolution said, without disclosing further details. It did clarify that virtual assets “do not include digital representations of fiat currency, securities and other financial assets widely used in traditional banking and financial systems, which are regulated in other provisions of the Central Bank of Cuba.” Source link

Currently, Ola GG has 3,000 scholarship players in its shared reward program, in which the guild keeps 30% of the earnings and does not require upfront compensation. Ola GG allows its members to play Axie Infinity and CyBall, although it plans to eventually support Genopets, Karmaverse and StarSharks, among other NFT games. Source link

The bill, presented by Congressman Gabriel Silva, must now go through two more rounds of debate before making it to the President’s desk. Source link

Thales Araújo de Freitas most recently led Brazil operations for Chile-based Global66, and prior to that held leadership roles at Citibank and HSBC. Source link

The platform will be decentralized, public and non-permissioned, said Fernandez, adding that it will be available for use by any organization, government administration or company wishing to mint verifiable identities, without needing the approval of the city. Source link

A transaction could be announced by the end of April, according to local newspaper Estadão. Source link

El Salvador President Nayib Bukele had a busy Wednesday evening on Twitter, first responding to a report that Binance was called in to to salvage his country’s Bitcoin bond sale, and also showing his displeasure with legislation making its way through the U.S. Senate. Source link

“As El Salvador has adopted Bitcoin as legal tender, it’s important we understand and mitigate potential risks to the U.S. financial system,” Risch said in a statement on Wednesday, adding that the legislation would require the State and Treasury Departments, among other federal agencias, to mitigate risks such as potential empowerment of China and organized criminal organizations. Source link

The country’s finance minister had previously suggested the bond sale could be launched as soon as this week. Source link

The provision, entitled “Strengthening financial resilience,” says: “To further safeguard financial stability, we are taking important steps to discourage the use of cryptocurrencies with a view to preventing money laundering, informality and disintermediation.” Source link

The provision, entitled “Strengthening financial resilience,” says: “To further safeguard financial stability, we are taking important steps to discourage the use of cryptocurrencies with a view to preventing money laundering, informality and disintermediation.” Source link

Once the loan is approved, tokens will be sent to an escrow, which is a third-party smart contract, until the credit is repaid with fiat or tokens, Scaliter said. If a farmer repays the loan with tokens, Santander will automatically convert them to Argentine pesos on the Agrotoken platform, Scaliter said. Source link

Bit2Me, a leading Spanish crypto exchange, has obtained approval from the Bank of Spain to be the “first provider of services for the exchange of virtual currency for fiat currency and the custody of digital wallets,” the company announced Thursday. Source link

Consumer-facing crypto exchanges and retail trading platforms received the majority of funding, according to the Association for Private Capital Investment in Latin America. Source link

El monto fue casi diez veces superior al registrado en 2020, según la Asociación de Inversión de Capital Privado en América Latina. Source link

Binance will become the main sponsor of Argentina’s powerhouse national soccer team and the naming sponsor of its national soccer league for five years, the crypto exchange announced on Monday. The company said that it had signed an agreement with the Argentine Football Association (AFA), the governing body of Argentine soccer. It is the first deal Binance has closed with a national soccer team worldwide, the company said Monday in a statement. Argentina is a two-time world champion and boasts arguably soccer’s best player, Lionel Messi, and one of its most passionate fan bases. According to Binance, the deal includes the […]

According to Steiner, the government has been in talks with Acumen since October 2021, following the approval of bitcoin as legal tender in the Central American country. In parallel, it holds negotiations with different crypto lending platforms looking to provide loans to Salvadoran SMEs, Steiner said, adding that, if signed, the agreements could total $200 million. Source link

One Argentinian user, Nicolás, told CoinDesk the app can receive bitcoin payments but immediately converts the cryptocurrency to USDT. He said the Strike wallet only holds USDT. Another Strike user in Argentina, Adam, tweeted that the app was “a disappointment,” describing the app as a custodial wallet that works only with tether under Ethereum’s ERC-20 standard. Source link

One of the main attractions for mining companies is the cost of electricity in Paraguay, which is the lowest in the region at around $0.05 per kilowatt-hour, Paraguayan congressman Carlos Rejala told CoinDesk in June, adding that almost 100% of energy production comes from hydroelectric sources. Source link

Brazil’s only stock exchange, B3, plans to enter the crypto market in 2022, InfoMoney reported, citing a Dec. 10 presentation from B3 President Gilson Finkelsztain. B3 is exploring opportunities in the asset tokenization, digital asset custody and crypto-as-a-service (CaaS) segments, InfoMoney reported. The San Pablo-based stock exchange is also considering services to facilitate over-the-counter (OTC) trading and access to liquidity centers. “It is natural for us to expand into the unregulated world of cryptocurrencies,” said Finkelsztain, who added that B3 is not planning to be a crypto exchange but to provide services to crypto traders. B3 expects to launch a crypto […]

Starting on Dec. 14, Gemini will allow a select group of Bancolombia’s users to trade bitcoin, ether, litecoin and bitcoin cash through an on-and-off-ramp, Cynthia del Pozo García, Gemini’s principal of strategy and corporate development, announced on Monday. Source link

Starting later this month, users of Mercado Pago, Mercado Libre’s digital wallet, will be able to buy and sell bitcoin, ether and the stablecoin Pax dollar (USDP), Mercado Libre said. The minimum amount required to operate will be 1 Brazilian real, it added. Source link

“Additionally, Crypto.com will benefit from brand exposure in stadiums, activations and broadcasts of the Conmebol Libertadores, as well as digital assets”, the crypto exchange said, adding that both parties will create NFTs associated with the CONMEBOL Libertadores competition on the NFT platform of Crypto.com. Source link

The Central Bank of Brazil (BCB) plans to launch a pilot of a digital currency (CBDC) by 2022, BCB President Roberto Campos Neto said on Friday, local media outlet Estadao reported. In September, the BCB told the Brazilian Senate that it planned to launch the final version of a digital real in 2024, according to estimates made by Fabio Araujo, an economic advisor to the BCB, who added that the monetary authority would conduct initial tests in 2022. Brazil’s central bank has also been discussing a bill to regulate digital assets as an investment vehicle, Campos Neto also said on Friday, […]

El Salvador, the only country in which bitcoin is a legal tender, is going to build an entire city based on the largest cryptocurrency, President Nayib Bukele said in a Saturday night presentation at Bitcoin Week in El Salvador. “Bitcoin City” will be located along the Gulf of Fonseca near a volcano. The government plans on locating a power plant by the volcano to provide energy for both the city and bitcoin mining, the president said. According to Bukele, Bitcoin City will be a full-fledged metropolis with residential and commercial areas, restaurants, an airport as well as a port and rail […]

The Central Reserve Bank of Peru (BCRP) is developing a central bank digital currency (CBDC), BCRP President Julio Velarde said Tuesday. “We have been working on a digital currency,” Velarde said at an online business forum in Peru. “We are involved in a lot of projects with several central banks.” The initiative follows a range of similar efforts throughout Latin America and beyond. Velarde, who said the central banks of India and Singapore are partners in the project, was optimistic about the future of CBDCs. “We are not going to be the first because we do not have the resources to […]

The platform, which will be shared free of charge with other countries, will also operate national registries “to manage carbon inventory, climate registry, and record bilateral corresponding adjustments with trades to shift credits among countries,” Chia announced. Source link

El pago con bitcoin estará disponible para invertir en condominios en Kahaal, un desarrollo de viviendas de lujo en Playa del Carmen, México, dijo la compañía, y agregó que planea ampliar pronto la aceptación de la criptomoneda a más propiedades en su inventario, que posee más de 80.000 listados. Source link

Mercado Bitcoin, Brazil’s largest crypto exchange, reached an agreement with Brazilian energy trader Comerc to release two renewable energy tokens, Reuters reported Wednesday. The first token will work as a cashback for Comerc customers who generate renewable energy through its distributed generation system, Sou Vagalume. The company plans to allow the purchase of the token for a fixed amount and later offer the digital asset for trading in a secondary market. Brazil’s current system of distributed solar generation grants incentives for investors. Through this setup, users of Sou Vagalume obtain discounts equivalent to between 15% and 20% of their total bills. […]

Banco Santander, Spain’s largest bank, will be offering crypto exchange-traded funds (ETF), Santander’s Executive President Ana Botin said on Oct. 14 in a Bloomberg TV interview. “We have been quite slow in adopting that, because of compliance and regulatory and risk appetite,” Botin said. “But we are now getting into it.” When asked if Santander’s customers were asking to buy bitcoin, the executive said yes. Source link

He tried, then, to open his account but a notification said his DUI had already been registered. Like Sosa, Santacruz approached a Chivo help center, and after recovering his account, he realized that it had been used to receive money from five hacked accounts, he said. (Attempts to reach Santacruz for comment were unsuccessful.) Source link

99Pay, la billetera digital de la compañía brasileña de red de transporte 99, permitirá la compra y venta de bitcoin en su plataforma, según anunció la empresa el martes. Los usuarios de 99Pay podrán realizar transacciones sin comisiones con un importe mínimo de compra de 10 reales brasileños y un máximo de 10.000 reales —equivalente a 1.800 dólares estadounidenses— a partir del 3 de noviembre. 99Pay, que forma parte de la empresa china de movilidad DiDi Chuxing, dijo que la plataforma también ofrecerá promociones de devolución de dinero (cashback, en inglés) en bitcoin. La iniciativa llega en medio del rápido aumento […]

Orsolini Filho added that the company implemented the bitcoin trading feature following research conducted at the company’s request that showed potentially strong demand for the service. According to the data, 81% of Brazilian digital banks’ users already know or have heard of cryptocurrencies, while another 54% do not invest in digital assets but have shown interest in entering that market. Source link

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 liquidity pool,” the company said. Fernando Martinez, OSL’s head of Americas, told CoinDesk that the company was addressing the growing demand for crypto services among institutional investors in Latin America and will serve regional funds, family offices and private banks. “Until the end of the year, […]

Within a week, Catanzaro developed an initial version of Cafecito, which only contained his profile and was linked to MercadoPago, the payments processor of e-commerce giant MercadoLibre, allowing people to send Argentinian pesos to the programmer. Its business model consists of charging 5% of the tip given to the creator, while the payment processor, MercadoPago, keeps another percentage of the total received, Catanzaro said. Source link

In his Reddit comments, Buterin added that the “tactic of pushing BTC to millions of people in El Salvador at the same time with almost no attempt at prior education is reckless, and risks a large number of innocent people getting hacked or scammed. Shame on everyone (ok, fine, I’ll call out the main people responsible: shame on Bitcoin maximalists) who are uncritically praising him.” Source link

“For us this is the first step in the world of crypto assets, we want to take this product to different levels and eventually make it possible to sell and buy crypto assets from Movii, with an easy, simple and transparent experience for the user,” Hernando Rubio, CEO and co-founder of Movii, told Bloomberg Linea at the time. Source link

For smaller merchants, who work in dollars, the only thing that matters is the U.S. currency. “For us, the bolivar is practically irrelevant. We pay suppliers in dollars, all prices are dollarized. The only payments in bolivars are basic services, such as water, electricity and telephony,” Ernesto said. Source link

En la actualidad el castigo por lavado de dinero en Brasil consiste en una pena de prisión de tres a 10 años, además de una multa, según el sitio web de la cámara. Si el proyecto de ley se aprobara, las penas por fraudes realizados con criptomonedas serían de cuatro a más de 16 años de prisión, más una multa. Source link

The Mexican Stock Exchange (BMV) is considering listing crypto futures on its derivatives exchange, CEO José-Oriol Bosch said. In an official interview published by the exchange on Monday, the executive said the initiative was analyzed and discussed with the financial authorities that regulate the BMV. “I understand that financial authorities want to be careful and prevent us from having a boom like the one we had with dot-coms,” Bosch said, adding that the BMV could follow the lead of exchanges in other countries that list cryptocurrency futures. On Sept. 30, Bosch said at a forum the BMV was seeking authorization to […]

Ribeiro’s bill covers companies that enable the exchange between virtual assets and national or foreign currency, or between one or more virtual assets, help with the transfer of virtual assets, or provide custody or administration services for virtual assets or instruments that provide control over virtual assets, among other services. Source link

Brazil’s B3 stock exchange could serve as the information oracle for the smart contract system of a digital real (CBDC), according to the Central Bank of Brazil (CBC). Mardilson Queiroz, part of the CBC’s department of financial system regulation, said that B3 could act as one of the system’s “oracles”, creating a bridge between external data and a digital real, Cointelegraph Brazil reported on Friday. During the event, held on Thursday, Luís Kondic, director of listed products and data at B3, said that it is too early to evaluate the participants’ roles in the new financial structure that the CBC is […]

“I’ve just instructed the president of @LaGeoSV (our state-owned geothermal electric company), to put up a plan to offer facilities for #Bitcoin mining with very cheap, 100% clean, 100% renewable, 0 emissions energy from our volcanos,” Bukele tweeted at that time. Source link

The team, led by central bank board member Alberto Naudon, also plans to generate a medium-term strategy for digital payments in Chile. It will analyze private digital means of payment and crypto assets, retail payments and payment infrastructures, among other topics. Source link

La potencial moneda digital, de acuerdo al Banco Central de ese país, “se emitiría de forma similar a los billetes y monedas, y podría utilizarse para transacciones en el comercio o entre particulares, o para que las instituciones financieras liquiden pagos entre pares”. Source link

BTG Pactual’s crypto arm, called Mynt, will be available in the last quarter of 2021 and allow exposure to bitcoin and ether, the company said, adding that it would make the service available to users of BTG Pactual digital and BTG+, its digital bank. Source link