Argentines could soon be motivated with tax incentives to declare their crypto holdings as the government aims to tackle money laundering with a proposed new law.
Latin America News
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Inflation has fueled crypto growth in the region, stimulating asset tokenization and remittance infrastructure development.
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The bill also authorizes local artists to issue nonfungible tokens (NFT) to promote financial and cultural inclusion.
10098 - Opinion
Brazil is set to launch a Central Bank Digital Currency (CBDC) in 2024, a move that could contribute to its status as an economic leader in South America.
6621 - Analysis
The recent regulatory framework from the Brazilian Congress will benefit the country’s financial institutions and bridge local liquidity with global markets.
7043 - Analysis
Women in Latin America are showing an increased interest in Web3 as organizations aim to drive participation through educational content and scholarships.
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The Latin American region now makes up for a 9.1% share of the global crypto value received in 2022 with remittances and high inflation the highest drivers of adoption.
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August figures released by Brazil’s tax authority revealed over 12,000 companies have cryptocurrency holdings, the largest amount ever recorded.
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Binance revealed it has more than 150 employees to cover its operations in Brazil and appears to be in good standing with the local government and regulatory agencies.
2230 - Opinion
Brazil is already leading the globe in cryptocurrency adoption. Integrating crypto with payment providers in the region is a surefire way to see Latin America fully embrace the industry.
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The rollout of Ripple’s fast and cheap On-Demand Liquidity payment service means that enterprises will no longer have to wait three to five days to settle costly cross-border transactions.
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BNB Chain prepares to launch a Web3 development course for Latin American students as the region continues to be a hub for adoption and crypto-related activity.
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Several businesses in the tourist town of Santa Lucia are now accepting Bitcoin payments in the hopes it can spur tourism spending.
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There has been an increase in employee crypto payments for the first half of this year despite the market crash, according to Deel.
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A community custody protocol, Fedimint wants to scale the Bitcoin network to a billion users located in the global south.
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