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Argentine federal judge María Servini has ordered banks to disclose President Javier Milei’s and his sister Karina’s financial records as part of a probe into an alleged LIBRA cryptocurrency fraud tied to millions in losses. Argentine President Milei Skips Mediation as Judge Seeks Financial Records in Crypto Scam Local media reports that a federal Judge … Read more
The Argentine government announced a series of tax and import rate cuts affecting electronic devices and mobile phones. Manuel Adorni, the spokesperson for President Milei’s administration, announced that the import tariff for mobile phones will be slashed from 16% to 0, democratizing access to these devices. The reduction will be done in two waves: the … Read more
A transactional tax established in 2001 puts the Argentine crypto wallet ecosystem at risk, creating disadvantages compared to traditional financial institutions like banks. The industry expects President Milei to rectify this measure, but that has not happened yet. Argentine Crypto Wallet Providers in Disarray as Tax Puts Local Players in Checkmate The Argentine crypto industry, … Read more
The Argentine Football Association (AFA) has partnered with STEPN in a deal that honors the Argentine soccer team. The partnership includes the issuance of Genesis NFT sneakers that will unlock real-life rewards. Argentine Football Association to Issue Genesis NFT Sneakers The Argentine Football Association (AFA) has partnered with STEPN, a Solana-based move-to-earn project, to issue … Read more
World, the biometric cryptocurrency and ID project, has launched Build Latam in Argentina, a program aimed at empowering tech projects to leverage World’s services in their products. Martín Mazza, Tools for Humanity regional manager for Latin America, explained the new security measures the project has implemented to protect user data. World Launches Latam-Focused Incentives, Discusses … Read more
Argentina celebrated the continued decrease in the dollar-peso exchange rate, even predicting that it might fall below the flotation bands established by the central bank. This would trigger a purchase intervention from the bank to weaken the peso. Argentina Keeps Winning the Battle Against the Dollar Argentina appears to have devised a formula to control … Read more
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition explores how the Argentine government and President Javier Milei are fully committing to the system designed to control the rise of the dollar following the recent lifting of currency controls. Latam Insights … Read more
Welcome to Latam Insights, a compilation of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition, the Argentine government manages to control the dollar’s exchange rate after lifting currency controls, the operator of a Brazilian crypto Ponzi scheme receives a 128-year jail sentence, and Panama City … Read more
The price of the U.S. dollar weakened during the first week after lifting the currency controls in Argentina, with the peso gaining ground and stabilizing at an exchange rate of 1,160 pesos per dollar. The rate, which is closer to the stronger side of the established fluctuation band, has spurred speculation about a possible intervention … Read more
Local experts assess that, while useful, regular dollars will not impact the use of stablecoins in Argentina, given their unique characteristics and value proposition. Instead, some believe that the adoption of these dollar-proxy tokens will increase, as they create new investment opportunities. Analysts: Argentina Will Keep Embracing Stablecoins After the recent lifting of the currency … Read more