Argentina has become the country where World, the biometric ID project, is most popular, with over 2.2 million registered users despite backlash from authorities. The company plans to expand its footprint in the country by implementing home-based iris scanning options next year. Argentina Becomes World’s No. 1 Nation Amidst Criticism World, the proof of personhood…
President Javier Milei recently advocated for maintaining a separation between cryptocurrency and state control. Speaking at “Meta Day Argentina,” an event held at the Palacio Libertad Domingo Faustino Sarmiento, Milei criticized central bank digital currencies (CBDCs) and advocated for the private management of cryptocurrencies, warning against government overreach. Opposition to CBDCs and State Control In…
Deep Chainsaw, the name given to President Milei’s plan to trim the bureaucratic excesses in state institutions, recently reached a milestone in savings for the country. Milei celebrated that the program eliminated over 33,000 job positions. Argentina’s Minister of State Transformation and Deregulation, Federico Sturzenegger, had reported this previously, stating that “the only sustainable way…
The Central Bank of Argentina has opened its doors to host a cryptocurrency-themed art exhibition for the first time. The show, titled “Art, Artificial Intelligence and the Future of the Economy,” includes a series of bitcoin mining machines, several spheres that display ether and bitcoin prices, and another sphere filled with destroyed physical money. Alberto…
President Javier Milei has taken yet another step in reducing the size of the state. Through the President’s Office X account, Milei revealed that he would axe AFIP, the current tax enforcer in Argentina, replacing it with a simpler, smaller agency, eliminating over a third of the institution’s current structural organization. President Javier Milei Announces…
Cryptocurrency industry members in Argentina expressed their opinions regarding a new draft that proposes restrictions on the operation of crypto institutions in the country. If the draft is approved, each institution will register with a minimum capital amount to operate on Argentine soil. Argentina Submits Draft for VASP Rules to Public Consultation Argentina is innovating…
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazil pushes BRICS to use national currencies instead of the dollar, bitcoin adoption reaches critical levels in El Salvador, and smart contracts achieve legal status in Argentina. Brazil Pushes BRICS to Shift From…
Smart contracts, the blockchain-automated programs, are now legal in Argentina after local jurisdiction recognized the enforceability of the first one. They can now be used to execute rental agreements, purchase payments, and other legal contracts, as cryptocurrency is now approved for use as payment in commercial contracts in the country. Smart Contracts Reach Legally Enforceable…
After the downfall of FTX, the Caribbean’s cryptocurrency landscape entered a phase of doubt and decreased engagement, leading to a loss of trust in crypto platforms. However, starting in late 2023, there has been a notable revival in such activities across the region. Prominent blockchain analysis company Chainalysis said that users in the region increasingly…
A Chainalysis report reveals that Argentina surpassed Brazil in cryptocurrency value received during the period examined, highlighting the high adoption of stablecoins in Latin America. However, Venezuela was the market that grew the most, rising by 110% despite the current political and economic turmoil the nation is facing. Chainalisis Latam Report: Argentina Beats Brazil, Venezuela’s…
Argentina’s stablecoin adoption is rising fast. The country faces an economic crisis, and Latin America’s third-largest economy now relies heavily on crypto. Citizens use stablecoins to protect against inflation and currency devaluation. Also Read: Wall Street Bear Turns Bullish on Stocks After 2-Year Downturn The Rise of Stablecoins: How Argentina Adopts Crypto Amid Economic Crisis…
The blockchain analysis firm also revealed that in terms of the stablecoin market Argentina holds the first position around the globe. Natives of the nation have shifted towards crypto adoption as the country was going through long battles with inflation for more than 10 years. The share of Brazil stood at 59.8% and Columbia went…
The first ‘legally and judicially enforceable contract” on the Cardano network has been signed for a loan amount of 10,000 ADA ($3,400), payable over a period of 4 months. According to one of the parties involved, this groundbreaking move is the initial stage of creating a “favorable jurisprudence” in Argentina. A Cardano (ADA) ambassador and…
October 9, 2024 at 03:50 PM GST updated: October 9, 2024 at 12:50 PM 2 mins read News Cardano’s ADA enables Argentina’s first court-enforceable blockchain contract, marking a legal milestone for crypto. The ADA-backed loan contract complies with Argentine law, ensuring blockchain agreements can be legally enforced. Cardano’s blockchain transparency fosters trust, setting a precedent…
October 8, 2024 at 02:50 PM GST updated: October 8, 2024 at 01:23 PM 2 mins read News Nakamoto Games expands in Argentina, empowering players with income through Play-to-Earn gaming opportunities. New staking options from Nakamoto Games offer gamers in South America higher returns on $NAKA token investments. Nakamoto Games’ ambassador program in Argentina aims…
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, El Salvador’s President Nayib Bukele meets with President Milei in Argentina, offering bitcoin advice to the Senate, and Uruguay passes a cryptocurrency law after over two years of discussion. Bukele and Milei Meet:…
October 7, 2024 at 04:55 AM GST updated: October 7, 2024 at 05:16 AM 2 mins read News USDT dominates Brazil’s crypto market with 80% of all transactions in 2023, totaling $54 billion. Tether’s market cap hits $120 billion, maintaining its status as the largest stablecoin globally. In 2024, USDT-Turkish Lira trades on Binance surpassed…
El Salvador’s President Nayib Bukele met with Argentina’s Vice President Victoria Villaruel to discuss bitcoin-focused policies during an official visit. Argentine President Javier Milei is set to meet Cardano founder Charles Hoskinson to discuss blockchain and crypto-currencies in the region. During a recent official visit to Argentina, El Salvador’s president, Nayib Bukele, discussed the country’s…
During his official visit to Argentina, Bukele met with Victoria Villarruel, the nation’s vice president, to discuss cryptocurrency and the Salvadoran experience with Bitcoin. While the meeting was private, a video released before the meeting shows Villarruel asking Bukele about the first cryptocurrency and the yet-to-be-issued bitcoin-backed “volcano bonds.” Bukele Talks Cryptocurrency and Bitcoin Bonds…
The Administration of Javier Milei has revealed that the Argentine Coin House, the equivalent of the U.S. Bureau of Engraving and Printing, will be closed as part of the ‘deep chainsaw’ cost reduction plan. The announcement was made by Deregulation and State Transformation Minister Federico Sturzenegger, who also stated that other state-dependent institutions would be…
Crypto exchange Binance has achieved a significant milestone by joining Argentina’s Virtual Asset Service Providers Registry, marking its 20th global regulatory achievement. This allows Binance to expand its full range of services to Argentina-based users, further embedding itself in the country’s cryptocurrency market. Binance Joins Argentina’s Crypto Registry, Strengthens Global Compliance Crypto exchange Binance announced…
Jonathan Chester, CEO of Bitwage, has detailed how the company has been serving Argentine remote workers who prefer collecting payments from employers abroad in stablecoins. Chester stated that 70% of its customers in the country use stablecoins, reinforcing that these have helped Argentines increase their net salaries up to 50%. Bitwage CEO Jonathan Chester: 70%…
The presidents of Argentina and El Salvador, Javier Milei and Nayib Bukele, met on Monday in Buenos Aires to discuss several issues concerning the mutual problems of their countries. The meeting, attended by members of both cabinets, covered topics such as security, debt issuance, and political matters. According to local sources, Bukele told Milei that…
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Argentina rejects the UN’s Pact for the Future, President Nayib Bukele warns about the impending arrival of a dark age, and cryptocurrency imports reach record levels in Brazil. Argentina Rejects UN Pact for…
Federico Sturzenegger, Argentine President Javier Milei’s Minister of De-Regulation and State Transformation, explained that the administration is preparing to implement new measures to reduce public spending. Calling it “Deep Chainsaw,” Sturzenegger revealed that the government is working on liberalizing passenger freight transport, air transport, the medicines market, and sports associations. “Public employment has fallen by…
The government of Argentina has refused to endorse the United Nations Pact for the Future, a framework that proposes solutions for “the biggest challenges of our time.” Foreign Minister Diana Mondino stated on Monday before the UN Assembly that these agendas weren’t binding and that Argentina wanted to have “wings to grow in freedom.” Argentina…
Elon Musk and Javier Milei, Argentina’s president, met in New York to discuss the country’s economic future. Cryptocurrencies are a key part of their talks, and their shared vision for Argentina’s finances has sparked interest. Elon Musk and Javier Milei aim to integrate cryptocurrency into Argentina’s economy. Also Read: Buy Netflix Stock Call Echoes, Secure…
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….
Bit2me, a leading Spanish crypto exchange, has secured approval as a Virtual Asset Service Provider (VASP) from Argentina’s National Securities Commission (CNV) on September 13, 2024. This authorization aligns Bit2me with local regulatory standards, providing confidence to both investors and Argentine financial institutions. The move is part of Bit2me’s broader strategy to expand its presence…
Russian President Vladimir Putin revealed that 34 countries have shown interest in joining BRICS activities, highlighting the global appeal of the group. He detailed Russia’s role in facilitating the integration of new members, sharing updates on BRICS activities under Russia’s chairmanship. 34 Countries Show Interest in BRICS, Putin Says Russian President Vladimir Putin said on…
In what local media are calling the first operation of its kind, the Argentine judicial system ordered the seizure of nearly $28,600 in stablecoins from a criminal organization that used cryptocurrency to launder millions of dollars. The criminals obtained these funds from two main activities: phone smuggling and operating illegal online casinos. Argentine Justice Orders…
The libertarian President of Argentina, Javier Milei, has shared his perspective on how wealth should be created efficiently and who should be responsible for its creation. During a visit to Mercado Libre’s offices on Thursday, Milei stated that while a president can create conditions that make investing attractive and profitable, the only ones who can…
In a recent press release, the Central Bank of Argentina acknowledged sending part of its gold holdings abroad, stating that it had “recalibrated” the nation’s gold between its accounts. The institution faced criticism from some lawmakers who are concerned that this gold located abroad might be subject to confiscation due to an embargo order benefiting…
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: Salvadoran President Nayib Bukele acknowledges that bitcoin rebranded the country, some bitcoin mining companies have stopped operating in Paraguay after the recent power fee hikes, and Argentines lead Latam in stablecoin adoption. Bukele…
Argentine President Javier Milei recently announced that a series documenting his rise to power will premiere on X. The six-part limited series, titled “Milei – The Series,” will showcase the process Milei underwent to reach the Argentine presidency. It will feature never-before-seen insider content recorded by director Santiago Oria, who is also responsible for the…
A recent report by Bitso, one of the largest crypto exchanges in Latin America, found that Argentines were especially inclined to use and purchase stablecoins over other cryptocurrencies. Six out of every ten cryptocurrency purchases in Argentina involved stablecoins during Q1 and Q2, as these are used as a hedge against inflation and devaluation. Bitso:…
Ethereum is making waves in Argentina’s education system. The country is taking a bold step to bring blockchain technology into high school classrooms. This initiative is led by Argentina’s Ministry of Education and the ETH Kipu Foundation. It aims to prepare students for the digital economy. Also Read: Shiba Inu: SHIB Is Gradually Rising To…
Buenos Aires high schools will start offering blockchain internships on August 27. ETH Kipu will train 500 students in Solidity and prepare 30 instructors. Argentina’s high inflation drives strong local engagement with digital assets. In a groundbreaking move to advance blockchain education, Argentina’s Ministry of Education has partnered with ETH Kipu to introduce Ethereum and…
Through the Ministry of Education, Argentina has partnered with The ETH Kipu Foundation to integrate blockchain technology into high school curricula in Buenos Aires. Argentina is safely following El Salvador’s crypto adoption path. The ETH Kipu Foundation, an organization dedicated to supporting Ethereum, has partnered with the Ministry of Education in Buenos Aires to integrate…
The Ministry of Education in Argentina has partnered with the ETH Kipu Foundation to integrate Ethereum and blockchain technology into the Buenos Aires high school curriculum, according to a recent announcement. The program aims to equip Buenos Aires high school students with knowledge of Ethereum and blockchain technology. This move is expected to prepare the…
ETH Kipu Foundation, an organization focused on supporting and developing the Ethereum ecosystem in Latam, has partnered with the Ministry of Education of the City of Buenos Aires in Argentina to include Ethereum and blockchain as part of high school curricula. Additionally, these two institutions are working to develop an online Solidity course to train…
August 21, 2024 at 04:37 PM GST updated: August 21, 2024 at 04:21 PM 2 mins read News El Salvador’s new program will train 80,000 civil servants in Bitcoin through a 160-hour certification course. The Higher School of Innovation in Public Administration (ESIAP) leads the Bitcoin training, established by President Bukele in 2021. Argentina shows…
Truflation has rolled out a fresh inflation tracker and calculator tailored for Argentina, bringing a dynamic source of real-time economic data to the table. This innovative tool empowers Argentinians to gauge how inflation is affecting their finances, offering a handy alternative to the official government-reported figures. The launch of this tracker coincides with a period…