The lawsuit alleges that Kalshi acted as an unlicensed gambling operator, stressing that prediction markets meet the legal definition of gambling as the outcomes of event contracts “are uncertain and outside the control of the bettor or hinge on a game of chance.” New York Alleges Kalshi Violated State Laws Operating an Unlicensed Gambling Business […]
Local reports indicate that while the central bank maintains a ban on banks offering crypto services, two banking holding groups are preparing to offer digital peso stablecoin alternatives for businesses that would take advantage of the perks associated with programmable money. Digital Peso Stablecoins in Development in Argentina While dollar-pegged stablecoins, like USDC and USDT, […]
With the move, Argentines can now collect their wages in dollars, a proposal that will be more enticing to companies that already get paid in dollars. Nonetheless, this new option clashes with the historical distrust that Argentines have in banking institutions. Argentina’s Central Bank Authorizes Salary Payments in Dollars Argentina is advancing to a multi-currency-friendly […]
While the institution recognized that most jurisdictions are working to apply its recommendations, others are lagging, allowing criminal groups to use digital assets for their illicit purposes. The FATF alerted to the misuse of stablecoins and the risks of offshore VASPs. Financial Action Task Force Calls for Increased Oversight on Digital Assets The Financial Action […]
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition, Bolivia evaluates Tether’s USDT inclusion in its payment system, Venezuela’s crypto P2P economy reaches new highs, and an Argentine federal judge issues new fund freezes in the Libra case. Bolivia Evaluates Integrating USDT […]
The decision, applied under Section 301 of the Trade Act of 1974, was taken by the USTR after a year-long investigation that found certain circumstances in Brazil, including Pix payments, were “unreasonable” and burdened or restricted “the commerce of American farmers, workers, innovators, and exporters.” USTR Applies 25% Tariffs on Brazilian Goods with Pix Payments […]
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition, Tether backs Mercado Bitcoin with $10 million, Brazilian police attack an illegal crypto betting ring, and the 24-hour hold period for stablecoin transactions is contested in Brazil. Tether Expands Its Footprint in Latin […]
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition, Brazil moves VASPs to the same regulatory class as traditional brokerages, OKX launches an earthquake relief campaign for Venezuelans, and Bolivia abandons fixed dollar exchange rate. Same Risk, Same Rules: Brazil to Regulate […]
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition, Argentina issues tax exemptions to VASPs, Cuba approves reforms to open its economy, and El Salvador keeps adding bitcoin. President Milei Exempts Registered Crypto Exchanges From Argentina’s ‘Cheque Tax’ President Javier Milei has […]
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition, Brazil proposes guardrails against CBDC abuse, Bitfinex highlights the tokenization potential in Venezuela, and Rain reports massive growth in Latam’s stablecoin adoption. Brazil Proposes Rigid Guardrails to Stop Government Abuse of Central Bank […]
The survey shows that the Chinese government’s internationalization campaign of the yuan, pushed by President Xi himself, is working. The number of overseas businesses willing to hold yuan deposits grew to a five-year high, supported by the currency’s “relatively stable purchasing power.” Confidence in The Chinese Yuan Surges: 95% of Overseas Firms Expect to Increase […]
B3, the Brazilian stock exchange, will develop a digital twin of its depository database in a blockchain in preparation for a potential inclusion of these into the traditional financial system. B3 also expects to launch B3RL, a Brazilian real stablecoin, later this year. B3 Takes First Steps to Tokenize Stocks B3, Brazil’s stock exchange, is […]
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition, Brazil adds audit requirements for VASPs, Mexico and the EU explore opportunities to target crypto money laundering at a global scale, and the US government declares Brazil’s gangs as global terrorist organizations. New […]
Over a year after the token’s demise, the Libra Trust has arranged a strategy to fund nearly 71 companies that have applied for this support. The Trust has close to $110 million to invest in this task, transferred by Hayden Davis, CEO of Kelsier Ventures and one of the faces behind Libra. Libra Trust Set […]
John Bollinger, inventor of the Bollinger Bands and founder of Bollinger Capital Management, one of the better-regarded trading indicators, believes the bear market affecting the crypto industry is finally subsiding, stating that his trend model had turned positive for bitcoin. Bollinger Bands Inventor Signals Start of New Bull Market While the crypto industry has faced […]
The prices of the two most relevant oil benchmark futures shot up after reports indicated that a U.S. warship was recently struck by the IRGC, reigniting the hostilities in the Strait of Hormuz. Nonetheless, U.S. officials have denied these reports. Key Takeaways: CENTCOM denied reports of 2 IRGC missiles striking a U.S. ship during Trump’s […]
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition, Brazil’s central bank issues a resolution banning the use of crypto rails in regulated cross-border payments, Bitso estimates 40% of all crypto purchases include stablecoins, and Meta launches USDC payments in Colombia. Key […]
Experts stated that the decision, which sets a precedent for future AI substitution cases, establishes that AI replacement cannot be brandished as a justification to abandon a labor contract. China is the world’s second-largest AI hub. Key Takeaways: The Hangzhou Court ruled that replacing Zhou with an AI model didn’t justify his forced termination. This […]
According to El Salvador’s Central Bank, the share of crypto-linked remittances sent to El Salvador rose by nearly 50% in Q1 2026 compared to the same period in 2025. Even so, crypto remittances have failed to reach even 1% of the country’s total remittances. Key Takeaways: El Salvador’s Central Bank reported Q1 crypto remittances hit […]
A new report on the state of bitcoin mining in Latam found that the region is lagging in bitcoin mining adoption, even as it holds vast energy resources. While Paraguay holds the fourth place in global hashrate, Hashrate Index picked Brazil and Venezuela as the nations to follow. Key Takeaways: A 2026 Hashrate Index report […]