Latin American Exchange Bitso Launches Bitcoin and Stablecoin Yield Feature

The Mexico City-based exchange said users will earn rewards just for holding Bitcoin and stablecoins.

Chainlink set to power Latin American real estate platform

Chainlink is set to automate rental payments to property owners of a Latin American real estate platform, adding a new blockchain use-case for the sector. The tokenization of global property markets has been an ambitious goal of the blockchain space and decentralized finance (DeFi) could offer a novel solution for the sector to pick up pace.Decentralized oracle network Chainlink (LINK) is set to power a tokenized real estate platform serving the Latin American property market.

Panama's legislature approves bill regulating crypto

The Crypto Law is aimed at making Panama “compatible with the digital economy, blockchain, crypto assets and the internet.” Lawmakers in Panama have passed a bill that will regulate cryptocurrencies, including Bitcoin, in the Latin American country.In a Thursday tweet, Panamanian pro-crypto congressperson Gabriel Silva said lawmakers had approved the "Panama Crypto Law" following a third debate.

Bitso to Offset Carbon Emissions From the Trading Platform’s BTC, ETH, ERC20 Transactions

On Friday, the Latin American cryptocurrency platform Bitso announced that the company plans to offset carbon emissions from its bitcoin and ERC20 token transactions carried out on the platform.

Skybridge Capital Founder: Bitcoin Will Be Legal Tender in Many Latin American Countries

The founder of Skybridge Capital has predicted that “bitcoin will be used by many Latin American countries as legal tender over time, not just El Salvador.” He recently doubled down on his $100K bitcoin price prediction but does not currently see the cryptocurrency as a hedge against inflation.

75% of investors in emerging markets want more crypto: survey

The survey found that the vast majority of investors in APAC and LATAM emerging markets are eager to get more crypto because they believe in its long-term growth trajectory. A recent survey has revealed that a whopping 75% of investors in Asia-Pacific and Latin American emerging markets are looking to increase their exposure to cryptocurrency investments.Researchers from consumer sentiments firm Toluna surveyed 9,000 people from 17 countries to complete the report released in February which found that more investors in APAC and LATAM emerging markets believe cryptocurrency investments are on a long-term upward trend.

Bill to regulate crypto in Brazil for first time heads to Senate vote

The largest Latin American country could soon be the latest to regulate crypto, which lawmakers hope will increase its uses across the country. The Brazilian Senate is set to vote on a bill which would make the country the biggest in Latin America to regulate cryptocurrency. The crypto bill was unanimously approved by the Senate’s Economic Affairs Committee on Feb.

Bitso Going All-in on Football Crypto Transfers, Sponsorships in LATM as World Cup Approaches

  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.

Top Latin American Crypto Exchange Bitso Enters Colombia

Bitso, one of Latin America's largest cryptocurrency exchanges, said it will enter the Colombian market, hiring former Mastercard executive Emilio Pardo as its new country manager.

Top Latin American exchange Bitso officially expands to Colombia

Founded in 2014 in Mexico, Bitso is now officially present in Argentina, Brazil, El Salvador and Colombia. Bitso, a major Latin American cryptocurrency exchange and El Salvador’s crypto wallet assistant firm, has announced its formal launch in Colombia.As part of Bitso’s development strategy in Colombia, the exchange has hired former Mastercard executive Emilio Pardo as new country manager, the firm announced to Cointelegraph on Thursday.Pardo is former head of business development for the Andean Region at Mastercard, where he focused on fintech issues like instant and cross-border financial transactions and open banking.

Bitcoin & Crypto Mining Gets Another Latin American Hydroelectric Power Boost

  The future of Bitcoin (BTC) and crypto mining could involve a move away from coal and Asia – and toward hydroelectric energy and the Latin America region, with a Costa Rican power plant now feeding electricity to “hundreds” of mining rigs....Read More: Bitcoin & Crypto Mining Gets Another Latin American Hydroelectric Power Boost

El Salvador: How it started vs. how it's going with the Bitcoin Law in 2021

The Latin American nation is still struggling to cope with BTC's volatility when used as a medium of exchange and gaining mainstream understanding and acceptance from its populace.

Central Bank Digital Currency To Launch in This Populous Latin American Country

The government of Mexico says that it’s planning on releasing a central bank digital currency (CBDC) by 2024.

Paraguay’s Senate Approves Proposal Regulating Crypto Mining and Trading

The bill, which seeks to take advantage of the Latin American country's energy surplus, will be discussed by the Chamber of Deputies in 2022.

MercadoLibre plans to accept BTC and cryptocurrencies as payment for all products

The Latin American e-commerce platform selected Brazil to kick-off crypto payments via its MercadoPago application.

Blockchain.com Acquires Latin American Crypto Investment Platform Sesocio

On November 30, the crypto firm Blockchain.com announced it acquired the Argentina-based investment platform Sesocio.

Bitso and Circle work on crypto payments between Mexico and US

Bitso is also known as the core crypto service provider for El Salvador’s official Bitcoin wallet, launched in September. Bitso, a major Latin American cryptocurrency exchange, is collaborating with the USD Coin (USDC) stablecoin operator Circle to launch a new cross-border payment tool between Mexico and the United States.The company announced on Thursday that the integration with payment solutions from Circle aims to provide Mexican people with a new option to send and receive payments to or from the USCalled Bitso Shift, the new tool uses cryptocurrency to enable low-cost and instant cross-border payments available 24/7, allowing users to instantly exchange between Mexican pesos and the United States dollar (USD)-backed stablecoins.The new offering intends to unlock easier and more affordable access to the USD for individuals in Mexico, also aiming to increase the transparency of USD transactions in the country.According to the US Department of Commerce’s International Trade Administration, Mexican citizens who are non-account holders are allowed to deposit up to $300 daily, but no more than $1,500 per month.

Latin American Proptech La Haus to Accept Bitcoin for Property Purchases

The company plans to expand cryptocurrency acceptance soon to more properties in its inventory of more than 80,000 listings.

Biconomy and Brainpay jointly release innovative e-wallet solutions

On November 4th, in Toronto, Canada, Biconomy announced the establishment of strategic cooperation with Brainpay, a Latin American electronic payment solution provider.

El Salvador buys a smokin' hot 420 more Bitcoin

The recent purchase brings the Latin American nation’s stash to about 1,120BTC. The President of El Salvador, Nayib Bukele tweeted earlier today that his government has taken advantage of the recent Bitcoin price drop and added 420 additional BTC to the nation’s stash.

Argentina: First Bitcoin-indexed ETF makes debut this week

While the media is following the rise of Bitcoin in El Salvador, another Latin American country may soon be active - Both in terms of Bitcoin adoption and Bitcoin mining. This week, Argentina reporThe post Argentina: First Bitcoin-indexed ETF makes debut this week appeared first on AMBCrypto.

Mexican Company Launches Blockchain-Powered COVID-19 Test Certificates

Medical services company MDS Mexico is using blockchain technology to prevent the forgery of fake COVID-19 tests in the Latin American country.

Bitcoin is 'suboptimal,' but what about ADA as a national currency

The Latin American nation of El Salvador made headlines worldwide last month when it became the first country ever to officially recognize Bitcoin as legal tender.

Peruvian stablecoin launches on Stellar blockchain

Anclap expects to launch two more Stellar-based stablecoins for Chile and Colombia later this year. Latin American stablecoin issuer Anclap is expanding its Stellar-based stablecoin network by launching a new stablecoin in Peru, Cointelegraph en Español reports.Pegged to Peru’s official fiat currency, the Peruvian sol (PEN), the new stablecoin is designed to enable instant transactions across Anclap’s network, including conversions in other fiat currencies as well as “any other digital asset,” the firm announced Sept.

Argentinian Exchange Ripio Raises $50 Million in Latest Funding Round Led by DCG

Ripio, a Latin American (Latam) exchange headquartered in Argentina, raised $50 million in its latest funding round, led by Digital Currency Group (DCG).

Which crypto-remittance service is most likely to dominate the Latin American market

A hatred for remittance fees unites every level of society.

More countries to follow El Salvador’s Bitcoin move, Cardano creator says

El Salvador’s Bitcoin acceptance is a major win for the cryptocurrency industry, Cardano founder Charles Hoskinson believes. Following El Salvador’s historic adoption of Bitcoin (BTC) as legal tender on Tuesday, Cardano founder Charles Hoskinson predicted that a lot more countries will eventually follow in the Latin American nation’s footsteps.El Salvador’s Bitcoin acceptance further legitimizes the belief that people should be in control of their money, Hoskinson said in his “Congratulations Bitcoin” YouTube video on Tuesday.The Cardano founder expressed confidence that cryptocurrencies like Bitcoin are the future of money as the younger generation will inevitably trigger mass adoption of crypto.

Cuba agrees to regulate, recognize cryptos citing 'socio-economic interest'

Two weeks ahead of El Salvador's official adoption of Bitcoin as legal tender, another Latin American nation has decided to officiate the use of cryptocurrencies.

Fitch Ratings warns El Salvador’s ‘Bitcoin Law’ will pose risk to local insurers

Fitch warned that mainstreaming Bitcoin without clarity can introduce volatility and operational risks for Salvadorans. Fitch Ratings has become the latest global credit rating agency to warn El Salvador against adopting Bitcoin (BTC) as legal tender, expressing concerns that crypto assets could cause systemic risks for the Latin American nation.Citing the country’s lack of clarity in Bitcoin’s implementation in mainstream markets, Fitch Ratings warned about the inherent volatility and operational risks for citizens associated with the crypto ecosystem.

Asset manager QR launches Bitcoin ETF on Brazilian stock exchange

Brazilian asset manager QR Asset Management started trading its Bitcoin exchange-traded product on B3. The Brazil Stock Exchange, or B3, has launched the trading of another Bitcoin (BTC) exchange-traded fund, marking the growing acceptance of the crypto industry in the country.Brazilian asset manager QR Asset Management started trading its Bitcoin ETF with the ticker QBTC11 on the Sao Paulo-based B3 exchange on Wednesday, Cointelegraph Brasil reported.The listing comes several months after the Brazilian Securities and Exchange Commission approved QR’s Bitcoin ETF in March alongside another crypto-based ETF by Latin American crypto investment firm Hashdex.