Latin America, Tipping Point: Cuba Regulates, Honduras ATM, Venezuela Spends

Is Latin America within the eye of the storm that’ll reshape the world? The area actually advantages from the existence of Bitcoin and different cryptocurrencies. Latin America wants hedges in opposition to inflation and a fast and simple strategy to ship remittances. The cheaper the charges, the higher. And while you really want one thing, you’re certain to know it. You have greater incentives to review, to do the work it requires.

In “Latin America, Tipping Point” we’ll present the gentleman thief on the go along with chunky headlines and bullet level knowledge. Everything it is advisable to learn about Bitcoin and cryptocurrencies within the area, in a single handy and well-sourced place.

Latin America In Global Crypto Adoption

  • We already know that to measure “cryptocurrency adoption by unusual folks,” Chainalysis weighted all the pieces by buying energy parity per capita. Four nations from Latin America made it to the Top 20, within the firm’s “Global Crypto Adoption Index” for 2021.

What else occurred in Latin America?

Cuba Wil Recognize And Regulate Cryptocurrencies

  • In search of readability, Cuba establishes “The guidelines with which the Central Bank of Cuba regulates using sure digital property in industrial transactions. As effectively because the granting of a license to digital asset service suppliers for operations associated to monetary, alternate and assortment or fee actions, in and from the nationwide territory.” However, folks and establishments want authorization from the Central Bank of Cuba to transact utilizing cryptocurrencies. (sight) Babysteps…
    Here’s the official document.

BTCUSD price chart for 08/28/2021 - TradingView

BTC value chart for 08/28/2021 on OkCoin | Source: BTC/USD on TradingView.com

From Argentina To The World, The DecentralizAR Conference

  • The ONG Bitcoin Argentina hosted its second annual DecentralizAR digital convention. 11.000 folks signed up. 40 folks talked and hosted. 10 hours of content material can be found free of charge on the ONG’s YouTube channel. (Day 1Day 2) Among DecentralizAR’s sizzling subjects for 2021, now we have Bitcoin, sorts of cryptocurrencies, El Salvador, Mining, Decentralization, DeFi, Crypto Dollars, a deep dive into wallets, sorts of scams, NFTs and crypto artwork, and many others. 

More info (in Spanish) here.

Argentina is the world’s #10 and Latin America’s #2 in crypto adoption in line with Chainalysis’ “Global Crypto Adoption Index.” 

Venezuela’s Crypto Adoption, Fuelled By Lack Of $ Bills

  • As you may know, Venezuela has been de facto dollarized for a few years now. However, there are usually not sufficient $ payments to serve the market. Cryptocurrencies are more and more protecting this want. Morocotacoin reports that greater than 1700 shops and 300 supermarkets are already accepting some type of crypto. The main cash are Bitcoin and Venezuela’s personal Petro, which is closely promoted and distributed by the nation’s authorities.

Venezuela is Latin America’s chief in crypto adoption in line with Chainalysis’ “Global Crypto Adoption Index.” 

An ATM In Honduras Exchanges BTC And ETH For Lempiras

  • Besides Brock Pierce’s delegation assembly with Honduras’ president, the Central American nation stayed on the information due to an ATM. Entrepreneur Juan Mayén put in La Bitcoinera, Hondura’s first crypto ATM in Tegucigalpa, the nation’s capital. Using it, folks will have the ability to purchase Bitcoin and Ethereum with Lempiras. So far, you possibly can solely purchase, however the firm guarantees folks will have the ability to promote quickly sufficient.

Is Anything Else Crypto-Related Happening In Latin America?

Bitcoinist ramped up its El Salvador protection as a result of the Bitcoin Law goes into impact in lower than 15 days. Just within the final week, we:

That’s it for the primary report on Latin America and cryptocurrencies. More to return.

Featured Image by Leon Overweel on Unsplash - Charts by TradingView



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