South America News

Bolivia, which lifted its ban on Bitcoin and crypto transactions in 2024, has seen a demonstrable increase in crypto adoption.

Stablecoin use in emerging markets soars despite the absence of crypto-friendly regulations and basic banking infrastructure. Will the US catch up to this trend?

El Salvador aims to become LATAM’s crypto Silicon Valley, but these aspirations hinge on better relations with US banks.

Suriname’s new presidential candidate Parbhoe wants a deeper Bitcoin nation than Nayib Bukele’s El Salvador. 

Brazil’s central bank is developing a synthetic central bank digital currency that blends decentralization, privacy and programmability.

The rise came immediately after Bolivia’s central bank lifted a 42-month ban on cryptocurrency payments, allowing financial entities to conduct transactions with digital assets.

Opposition leader María Corina Machado proposed adding Bitcoin to Venezuela’s reserves for a new era led by Edmundo Gonzalez.

Power-intensive crypto mining is controversial in Paraguay, where an attempt at crypto regulation was vetoed because of it.

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.

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.

Comisión Nacional de Valores President Roberto Silva said virtual asset service providers that are not registered “will not be able to operate“ in Argentina.

Bitfinex Securities expects a big demand for digital investment services after the launch of spot Bitcoin ETFs in the United States.

The challenge of replacing Argentina’s peso with the United States dollar (and potentially Bitcoin) will be great, but it’s not insurmountable.

The election of new Argentine President Javier Milei has given many in the local Bitcoin community cause for hope.

Tether 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.