Paraguay moves a step closer to regulating digital currency
A bill that seeks to regulate the local cryptocurrency industry has passed the the Senate of Paraguay. Go to Source Powered by WPeMatico
South America
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Mercado Bitcoin parent company 2TM raises $50M, further cementing unicorn status
The Series B builds off 2TM’s massive $200 million SoftBank-led raise in July, which catapulted the company to a $2.1 billion valuation. Go to Source Powered by WPeMatico
Venezuelans promised Axie Infinity scholarships for crypto training courses
The initiative is a part of the La Guaira Digital program, which aims to fast-track growth and induce economic stability in the country. Go to Source Powered by WPeMatico
A third of Salvadorans ‘actively’ using Chivo wallet, President Bukele claims
On Sept. 6, El Salvador became the first country to adopt BTC as legal tender, attracting both praise and criticism from the global community. Go to Source Powered by WPeMatico
El Salvador purchases first 200 BTC, President Bukele confirms
El Salvador is the first country in the world to recognize Bitcoin as legal tender. Despite opposition from local groups, the government believes cryptocurrency will be a net positive for the economy and society. Go to Source Powered by WPeMatico
Bank of America outlines 4 potential benefits of El Salvador’s Bitcoin strategy
“More than 70% of the adult population of El Salvador does not have a bank account,” reads the latest Global Research report from Bank of America. “For that reason, democratizing access to electronic payments, through Bitcoin, has a progressive touch.” Go to Source Powered by WPeMatico
Paraguayan lawmakers to present Bitcoin bill on July 14
El Salvador’s decision to accept Bitcoin as legal tender in June appears to be influencing lawmakers across the region to begin exploring their own cryptocurrency strategy. Paraguay is next in line to introduce new crypto-focused legislation. Go to Source Powered by WPeMatico
Argentine lawmaker introduces bill for workers to be paid in crypto
The proposal may help Argentinians in the export business avoid heavy taxes from foreign currency payments. Go to Source Powered by WPeMatico
Latin America’s Mercado Bitcoin exchange raises $200M from SoftBank
2TM GRoup, the company behind Mercado Bitcoin, is now valued at $2.1 billion. It’s the second crypto exchange in Latin America to eclipse the $1 billion valuation mark. Go to Source Powered by WPeMatico
Latin American telecom company accepts crypto payments through BitPay
GoldConnect will be able to process crypto transactions made in Bitcoin, Ether and other digital assets through its new LatamConnect platform. Go to Source Powered by WPeMatico