Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: South African Ponzi scheme mastermind dies of a heart attack in Brazil, the Argentine House advances crypto tax regularization bill, and Buenos Aires targets Worldcoin with a new bill. South African Ponzi Scheme…
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Johann Steynberg, the mastermind behind a South African bitcoin Ponzi scheme, died of a heart attack while under house arrest in Brazil. A technical analyst predicts a significant surge in Bitcoin’s price, suggesting it could reach $300,000 during the upcoming aggressive phase of the bull cycle. The FBI is cautioning the public against using unregistered…
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South Africa’s approaching elections are unlikely to disrupt the country’s progress in the realm of digital assets, according to several members of the crypto community. The recent establishment of a licensing regime for cryptocurrencies by the Financial Sector Conduct Authority (FSCA) positions South Africa as one of the pioneering African nations in this area. As part of this regime,…
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South Africa’s Financial Sector Conduct Authority (FSCA) confirmed Monday that it has, to date, granted crypto license to 75 institutions. The confirmation from the regulator follows several crypto businesses claiming to be the first and only entity to receive license. The jurisdiction issues crypto asset service providers (CASPs) license under the Financial Advisory and Intermediary…
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South Africa has unveiled its 2024 budget, leveraging stablecoins and blockchain technology to promote financial inclusion among its marginalized communities and to boost interest in digital payments. This initiative signals a pivot towards digital payments and sets the stage for transformative change in the nation’s economic landscape. At the core of South Africa’s financial strategy…
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Florida Senator Marco Rubio expressed his worries about the increasing influence of BRICS, the international group, in the world’s economic system. According to Rubio, if the group keeps expanding, it will be a valid alternative to the current system, allowing nations to sway away from the U.S. dollar and unilateral sanctions. Senator Marco Rubio Alerts…
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South African fintech startup Ukheshe recently announced that it has acquired a 100% stake in EFT Corporation, an Africa-focused payment services provider. According to the startup, the acquisition takes Ukheshe closer to its stated goal of attaining a larger footprint in Africa and beyond. Access to New Technologies and Markets The South African fintech startup,…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Jack Dorsey’s Block Acquires Music-Centric Startup Hifi, VALR Exchange Partners With Visa, DFINITY Developing Blockchain-based Recycling-focused Tech Read more »Sign up for e-EUR – the progressive stablecoin
Nicolas Maduro, the president of Venezuela, has called to de-dollarize the global economy due to the difficulties the current system brings to emerging countries affected by U.S. sanctions. In a message directed to the BRICS leaders, Maduro called to establish alternative settlement systems using national currencies. Venezuelan President Nicolas Maduro Reinforces the Need to Create…
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The six countries that received an invitation to become members of BRICS at its summit have confirmed their decision to join the bloc, one of Russia’s top diplomats unveiled. The high-ranking official added that at this point in time it would be premature to name those in the next batch of candidates. BRICS and Its…
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