Tag: Latin America

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Brazilian Parliament Heading for Key Vote on Crypto Regulation Bill

  An ambitious private member’s bill that seeks to regulate the Brazilian crypto market could be approved by the National Congress before the end of the first half of this year – with MPs set for a key vote on Tuesday next week…. Read More: Brazilian Parliament Heading for Key Vote on Crypto Regulation Bill…
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Top Latin America delivery app to accept crypto

The company has partnered with Bitso and Bitpay to allow its users to pay for orders with Bitcoin and other cryptocurrencies. Rappi, the most popular delivery service in Latin America, is working with Bitso and Bitpay to accept Bitcoin (BTC) and other cryptocurrency payments. As reported by Cointelegraph Brazil, Rappi is integrating with Bitso and…
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Brazilian Senate announces incoming approval of the ‘Bitcoin law’

The law will allow the president of Brazil to designate or create a regulatory agency to oversee the crypto market. The bill regulating the cryptocurrency market in Brazil is expected to be approved by the National Congress in the first half of this year, according to Cointelegraph Brazil. The legislation, which has been debated in…
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Small Argentine Town Turns to Crypto Mining to Pay for Improvements

  A small town in rural Argentina has decided to invest in crypto mining hardware in a bid to raise money to pay for improved rail connections and “beat inflation.” Ambito reported that the initiative is being pioneered by a group headed by Juan Pio Drovetta, the Mayor of Serodino, a town of 6,000 residents…
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Bitcoin Lags Behind Ethereum & Altcoins Despite Strike, Robinhood, and Legal Tender News

  The bitcoin (BTC) price lagged behind ethereum (ETH) and other major altcoins today, despite a series of bullish news announcements coming from the Bitcoin 2022 conference in Miami, USA. At 09:50 UTC on Friday, BTC stood at USD 43,644, up just 0.6% for the past 24 hours and down 4% for the past 7…
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About 50% of Surveyed Crypto Owners Made Their First Buy in 2021 – Gemini

  Nearly half of the surveyed crypto owners made their first crypto purchase last year, according to a survey commissioned by crypto exchange Gemini. Specifically, some 50% of cryptoasset owners from the US, Latin America, and the Asia Pacific region bought their very first crypto in 2021, the report found. The opinion poll was carried…
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Coinbase Reportedly Nears Mercado Bitcoin Purchase as Binance Readies Rio Expansion

  Crypto exchange giants Coinbase and Binance could be set to go head-to-head with their expansion plans in Brazil. The former is reportedly eyeing a major M&A deal to buy one of the biggest crypto exchange platforms in the Latin America region, while Binance has confirmed it will open its own Brazilian operations…. Read More:…
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Coinbase to reportedly buy the $2.2B Brazilian unicorn behind Mercado Bitcoin

A Brazilian newspaper, Estadão, reported that Coinbase could complete the acquisition of $2.2 billion 2TM, the company behind Mercado Bitcoin, by April. Coinbase is set to continue its global acquisition strategy, reportedly buying the Brazilian company 2TM, the parent company of Mercado Bitcoin.  According to information from Estadão, the third-largest newspaper read by Brazil’s 212 million…
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Bitcoin is ‘not regulated’ — Honduras’ central bank pushes back against legal tender rumors

The central bank said “for the time being” Bitcoin was not regulated in the country, but it was exploring the feasibility of introducing a CBDC. The Central Bank of Honduras, or BCH, addressed rumors regarding the country potentially adopting Bitcoin as legal tender like its neighbor El Salvador — and the answer seems to be…
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Panama Eyes Bitcoin & Crypto to Spark Tech Investment

  Bitcoin (BTC) and crypto adoption on a state level may soon extend beyond El Salvador, with politicians elsewhere in the Americas – and even one European royal – mulling moves that could see the cryptocurrency brought into their financial systems in some form or other…. Read More: Panama Eyes Bitcoin & Crypto to Spark…
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