Bitcoin mining has provided a “positive contribution to Paraguay’s trade balance,” and a ban could dent the economy, argues Hashlabs Mining’s co-founder.
South America News
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The ban would last 180 days or until new laws are enacted and the national power grid operator can ensure it can supply sufficient energy.
5839Comisión Nacional de Valores President Roberto Silva said virtual asset service providers that are not registered “will not be able to operate“ in Argentina.
11818Bitfinex Securities expects a big demand for digital investment services after the launch of spot Bitcoin ETFs in the United States.
9137The challenge of replacing Argentina’s peso with the United States dollar (and potentially Bitcoin) will be great, but it’s not insurmountable.
5791The election of new Argentine President Javier Milei has given many in the local Bitcoin community cause for hope.
1719Tether has ambitions to reach 1% of BTC mining computing power under new CEO Paolo Ardoino. New facilities in South America will be part of the push.
5444Anti-establishment Javier Milei was the touted favorite in Argentina’s presidential election but is trailing in second place with 90% of the vote counted.
10971Daniel Maeda of Brazil’s CVM said during Rio Innovation Week the regulator plans to explore a regulatory sandbox for use cases of tokenization, potentially starting in 2024.
4105New developments in the Bitcoin mining space have Hut 8 vice president Sue Ennis convinced that well-positioned miners will thrive after the next BTC halving.
11761Argentine presidential hopeful Javier Milei — a pro-Bitcoin, anti-central bank libertarian — has won a majority of the votes in a primary election.
11350Fernando Pérez Algaba reportedly ran a crypto trading business in Argentina and is suspected to have been murdered by a professional outfit.
23825The pilot program will run through 2023 with the intent of demonstrating blockchain utility to the general public.
8926The decree authorizes the central bank to regulate and supervise virtual asset service providers and ensures the country’s securities regulator will continue to handle many tokens.
7998Bitfinex announced a new investment in a Chile-based crypto exchange in an effort to boost crypto adoption in Latin America.
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