El Salvador made history in September 2021 by becoming the first country to officially recognize Bitcoin as legal tender. Businesses in El Salvador have been slow to adopt Bitcoin (BTC) ever since the country famously recognized the digital asset as legal tender in September 2021, according to a recent survey by the Salvadoran Chamber of…
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Crypto education could be key to promoting financial empowerment and increasing mass adoption across Latin America — if we do it right. In October 2021, it was estimated that approximately 15% of the world’s supply of Bitcoin (BTC) was in circulation in Latin America. According to a recent report released by Crypto Literacy, however, 99%…
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Talent in the Brazilian cryptocurrency and blockchain space is in no short supply. In 2021, the Brazilian cryptocurrency market gained more investors, reached the Brazilian stock exchange and “punctured the bubble” of the mainstream, becoming an important part of the investment portfolio of ordinary Brazilians. In addition to strengthening the crypto community in Brazil, the…
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Argentina’s government wants to reform the existing crypto tax laws – and ensure further compliance…. Read More: Argentinian Finance Minister ‘Wants More Crypto Taxes’ Read more »Pay, Trade, Buy Bitcoin with Credit Card
Between the bull market, the NFT craze and DeFi taking off, 2021 was an interesting year for Latin America. In 2021, Latin America saw a soaring rise in crypto adoption among the 20 countries and 14 dependencies that make up the region. A slew of conferences, associations, new regulations and nonfungible token (NFT) projects as…
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Crypto ownership is on the rise, but investors are not abandoning traditional financial services as a result of their intensifying interest in cryptoassets. On the contrary, crypto investors are more likely to use multiple financial services providers than the general population is, suggests a recent report by global business intelligence firm Morning Consult…. Read…
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Weeks after memeing the International Monetary Fund (IMF), El Salvador’s outspoken President Nayib Bukele has upped his Twitter game by responding “OK boomers” to a group of United States senators moving to block his bitcoin (BTC) adoption plans…. Read More: US Senators Call for El Salvador Bitcoin Adoption Probe, Bukele Responds with ‘OK Boomer’…
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The link between Latin American football and crypto is continuing to deepen this year – with a flurry of activity surrounding some of the region’s biggest football teams, star players, and its most heavily backed crypto exchanges. Early this month, Tigres Femenil – the women’s football club arm of the UAL Tigres club, winners…
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The Colombian government wants citizens to declare their crypto holdings – but industry figures claim this will just force crypto advocates and their coins onto overseas platforms…. Read More: Critics Hit Back at Colombia’s Retrospective Crypto Tax Plans Read more »Pay, Trade, Buy Bitcoin with Credit Card
Venezuelans tried to fight inflation this year by using cryptocurrencies on an unprecedented scale in the country. For Venezuela, 2021 has been a year of considerable changes at the microeconomic level, where even more than in 2020, the results of powerful catalysts for change such as COVID-19 were clearly visible. In a more dynamic economy…
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