Central banks from several nations have signaled a shift towards increasing gold reserves, citing geopolitical tensions and economic uncertainty. Officials from Mexico, Mongolia, and the Czech Republic expressed support for gold’s growing role, reflecting broader trends as central banks seek safe havens amid lower interest rates and rising risks. Central Banks Signal Increased Reliance on…
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Mercado Libre, Latin America’s e-commerce and financial services giant, has announced that it will expand its previously launched Meli Dólar, an in-house developed dollar-pegged stablecoin, to other countries. The token, developed in partnership with the Argentina-based crypto exchange Ripio, will be launched in Mexico, according to Juan Vita, Senior Director of Product at Mercado Pago.…
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The Federal Bureau of Investigation (FBI) has warned of a rising business email compromise (BEC) threat, responsible for $55 billion in global losses over a decade. The scam has affected all 50 U.S. states and 186 countries, with funds frequently routed through banks in the United Kingdom, Hong Kong, China, Mexico, and the United Arab…
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Cryptocurrency exchange Bitget has announced a strategic partnership with Swapple to facilitate crypto payments in Mexican Pesos (MXN) via the Interbank Electronic Payment System (SPEI). Operated by Banco de México, SPEI allows for near-instantaneous electronic funds transfers between bank accounts in Mexican pesos, providing a secure and efficient way to move money. This integration aims…
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Ricardo Salinas Pliego, one of the wealthiest billionaires in Mexico, has urged his followers to purchase Bitcoin as a hedge against the devaluation of fiat currencies. Salinas Pliego recommended purchasing bitcoin in response to a social media post reporting on the fall of the value of the Nigerian naira under a satoshi. Mexican Billionaire Ricardo…
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The Worldcoin operator Tools for Humanity is expanding its services in Mexico, the firm announced, in spite of lawmakers’ calls for a government probe into its iris-scanning drive. Per the media outlet Criptonoticias, the company said it had opened iris-scanning centers in the capital Mexico City, as well as Guadalajara and Monterrey. WLD prices…
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Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Mexican billionaire Ricardo Salinas Pliego offers bitcoin investment advice, Bitso’s report finds Latam is a bitcoin region, and Honduras bans financial institutions from dealing with crypto. Mexican Billionaire Ricardo Salinas Gives Bitcoin Investment…
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Source: Adobe / M.Gierczyk Etherfuse, a platform focused on improving decentralized blockchain infrastructure, has made a groundbreaking announcement to unveil ‘Stablebond’ at Solana’s breakpoint conference in Amsterdam. Live from the heart of Amsterdam, I got to introduce Stablebonds at @SolanaConf #Breakpoint2023. This is more than just a presentation; it's a call to action for a…
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Fantasy sports platform GameOn has partnered with the Spanish football league LALIGA to develop Web3 games for players in the US and Canada. GameOn announced its deal with LALIGA North America on Wednesday. According to the press release, the tech company will launch fantasy games based on real-world LALIGA players and matches. GameOn CEO Matt…
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Mexico is “leading the way” in Latin America’s Travel Rule adoption drive, a study has found – with Argentina “lagging behind.” The claims were made by the Latin American Financial Action Task Force (known locally as GAFILAT), an intergovernmental organization comprising 18 Latin American countries. GAFILAT is affiliated with the Financial Action Task Force (FATF),…
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