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Luis Arce, the President of Bolivia, signed an executive order prohibiting the use of cryptoassets for energy purchases, aiming to curb speculation surrounding cryptocurrencies and stablecoins on exchanges like Binance. Bolivia Issues Executive Order to Ban Crypto From Energy Settlements Bolivia, a country that has recently shown several positive signs of integrating crypto into its … 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 digital currency is prepared to take over the world, and how even nations that first banned it, like Bolivia, will rely on it sooner or later. Latam Insights Encore: Bolivia: … 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, Bolivia completes a crypto comeback story by announcing its digital currency, the Brazilian stock exchange launches SOL and ETH futures, and Belo Horizonte aims to become a bitcoin capital. De-Dollarization … Read more
Edwin Rojas Ulo, president of the Central Bank of Bolivia, stated that the institution is currently consulting with international organizations regarding the design of a currency referred to as the “virtual boliviano,” which would facilitate international settlements. Central Bank of Bolivia to Launch Digital Currency With International Settlements in Mind Bolivia, which initially banned the … 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 examines how the recently disclosed use of crypto for power imports in Bolivia opens a new era for the validity of these settlements in international commodity markets. Latam Insights Encore: Bolivia Taps … Read more
Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition, dollar scarcity is pushing Bolivia to pay for energy imports with crypto, Brazil is prioritizing the implementation of a crypto payment system for BRICS, and the Libra case is advancing … Read more
Bolivia has integrated a crypto-powered system to pay for fuel imports through its state-owned company YPFB, as it is facing a shortage of dollars and a reduction in its dollar-denominated foreign reserves. Bolivia Builds Crypto System to Pay for Fuel Imports Crypto is becoming relevant for the operation of the supply chain in several countries … Read more
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we explore how stablecoins might help re-energize the Bolivian economy, facing a dollar scarcity period due to its fixed exchange rate. Latam Insights Encore: Stablecoins Might Help Bolivia Move Its Stalled Economy … Read more
Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this issue, the Bolivian cryptocurrency market keeps growing after the repeal of a blanket ban, the Central Bank of Chile rejects bitcoin, and Bolivian attorneys propose implementing USDT to invigorate the Bolivian economy. … Read more
Bolivian attorneys Iver von Borries and Javier Romero Mendizabal proposed introducing Tether’s USDT, the largest stablecoin in the cryptocurrency market, as an index asset for commercial and civil contracts. The submission aims to link USDT’s value in global markets to the national fiat currency, allowing for more flexibility in pricing certain obligations. Bolivia has maintained … Read more
